Dan Chesterman, chief information officer of the Australian Securities Exchange, said tokenized assets would need “proper support” but could “absolutely” be listed in the future.
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“In the current market, it is difficult to talk about the advantages of digital assets. Instead, I think it’s more about efficiency, and there’s a lot to be gained there,” Gilder said.
“So we’ve moved away from irrational exuberance, which isn’t really good for the market, and now focus on what’s additional utility, other than possibly attracting capital. “
Last year, the ASX decided to suspend its nearly 30-year-old clearing and settlement system Criticized for a blockchain-based upgrade to the system that has cost as much as US$166 million (A$255 million).
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Chesterman however To reiterate, the decision is not a “rejection” of blockchain technology.
“Our decision to suspend is based on our assessment that we have seen some delays occur and reoccur, and we do not want to Going through a process of prolonged and ongoing delays that will impact our customers,” he said.
” We made a very deliberate decision [. ..] to pause, so as not to create a persistent indeterminate state. “ Chesterman said the exchange continues to work with infrastructure company Digital Assets on its blockchain Development platform Synfini.
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