The London Stock Exchange is expected to launch its first digital market next year and has developed a blockchain-based digital asset business plan
ChainCatcher news, according to the Financial Times, the London Stock Exchange has developed a new digital market business plan that will make it the first major exchange to offer extensive trading of traditional financial assets on blockchain technology.Murray Roos, head of capital markets at the London Stock Exchange, stated that they have conducted about a year of research on the potential of blockchain-driven trading venues, and they have now reached a "turning point" to decide to move forward with the plan, hoping to leverage the technology that supports popular tokens like Bitcoin to enhance the efficiency of buying, selling, and holding traditional assets. Roos mentioned that if the plan is successful, the London Stock Exchange will become the first large securities exchange to offer investors an "end-to-end" blockchain-driven ecosystem.Additionally, the London Stock Exchange is considering establishing a separate legal entity for the digital market business, aiming to launch and operate the first market within the next year, pending regulatory approval. The London Stock Exchange has been negotiating with regulators from multiple jurisdictions, as well as the UK government and Treasury, with the ultimate goal of establishing a global platform.