Skip to content

London Stock Exchange adopting blockchain

The London Stock Exchange becomes the first exchange of this kind to issue shares in tokens based on blockchain. The movement is qualifying as the beginning of a new era in which traditional exchanges are considered to bring cryptocurrency as a power in regulated traditional markets, and even integrate automated investments.

The company behind the issuance of shares through tokens is fintech 2030 and has so far sold $ 3.9 million in shares in token. The London Stock Exchange has shown interest in blockchain technology for quite some time. Earlier this year, the exchange partnered with ATOM Group, a global fintech company based in Hong Kong. This is to enable its exchange of AXX digital assets to use LSE technology.

The chief marketing officer of LSE tech believes that traditional technology companies are one of the most sought after in the cryptography space. And that LSE technology is well positioned in the market to take advantage of these services.

The London Stock Exchange has included the Invesco Elwood Global Blockchain ETF and has also invested in a new cryptocurrency company Nivaura leading a round of financing of $ 20 million.

London Stock Exchange’s move towards blockchain and crypto, shows the growing interest of traditional operators towards the decentralized space. Note that LSE is one of the oldest stock exchanges established in 1571 and has a market capitalization of $ 4.59 billion.

The reduction of the gap between the traditional space and the crypto

While cryptographic regulations and their use as a daily driver are still in the loom, commercial markets have realized that the future lies in digitization. The funny thing is that, although crypto was created to work against centralized establishments such as banks and financial institutions, they have been incorporated to incorporate crypto and blockchain in their consensus.

Banks and financial institutions have already started using cryptography services in the form of cryptography trading or creating their own stable currencies.

Now, the decision of the London Stock Exchange to list actions in a symbolic way suggests a change of feelings in traditional markets towards the decentralized space. There is no denying the fact that thanks to the rising price of cryptocurrencies, the future will be digitized, and before this it is best to be prepared for the future.

Published inCryptocurrencies

Be First to Comment

Leave a Reply

%d bloggers like this: