Share this article
Blockchain-Based Trading System Steps Closer to ASX Access
The National Stock Exchange of Australia is now in talks with Australia's securities regulator to finalize access for its DLT system to ASX Clear, it said.
Updated May 9, 2023, 3:12 a.m. Published Oct 20, 2020, 9:20 a.m.
Make us preferred on Google
The National Stock Exchange of Australia (NSX) said it will soon launch an automated trade clearing and settlement platform based on blockchain technology.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
NSX said Tuesday its DLT-based Digital Exchange Subregister System (DESS), part of the ClearPay platform, was approved by the Australian Council of Financial Regulators at its October meeting. It is now working with the Australian Securities and Investments Commission on finalizing the process and the date it can go live on the Australian Securities Exchange.
It is aiming to access ASX Clear under the Open Access and Trade Acceptance Service regimes.
DESS is already "technically and operationally ready for service to commence data accumulation and writing to the blockchain," the company said.
As previously reported, DESS is joint venture between NSX and financial services firm iSignthis.
John Karantzis, CEO of iSignthis and NSX, had previously accused the ASX of blocking the venture access to its clearing services. The stock exchange suspended trading in iSignThis shares last October.
ASX said the suspension was in order to hold a review after a market research group raised concerns about iSignthis' disclosures, governance and shareholder structure.
ASX has itself been building a DLT-based clearing house system to replace its ageing CHESS system since 2017.
In a recent announcement, ASIC and the Reserve Bank of Australia told ASX to push on with development with minimal further delays.
NSX said its Nasdaq trading engine will initially be written to both the DESS and CHESS systems.
Unveiled in February, ClearPay uses distributed ledger technology to facilitate same-day settlements and up-to-date accounting between trading participants, the share registry, and the exchange.
Also read: Australia’s Central Bank Tells ASX to Push On With Delayed DLT Trading Platform
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
More For You
Tokenization firm Securitize reports 841% revenue growth as it prepares to go public
With crypto prices and crypto-related stocks in the midst of a major selloff today, Securitize SPAC merger partner Cantor Equity Partners II is higher by 4.4% on the news.
What to know:
- Securitize continued toward an ultimate public listing via a SPAC merger with Cantor Equity Partners II (CEPT).
- The company reported an 841% year-over-year increase in revenue to $55.6 million for the nine months ended September 2025.
- CEPT stock gained 4.4%, outperforming sharply lower crypto markets.
Top Stories
