The tokenized asset would need to be “appropriately backed” but could “absolutely” be listed in the future, said ASX chief information officer Dan Chesterman.
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The tokenized asset would need to be “appropriately backed” but could “absolutely” be listed in the future, said ASX chief information officer Dan Chesterman.
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While young Australians are more interested in crypto, it’s the 25 to 49 year-olds who own the most.
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The bank predicts the private equity market to become the most “tokenized” asset class because it is more liquid and can be fractionalized.
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The blockchain-backed upgrade in the works for nearly five years has potentially cost Australia’s primary exchange over $170 million.
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“There’s a strong value proposition here that we can essentially tokenize any asset and bridge that into the ASX ecosystem,” said Zerocap CEO Ryan McCall.
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Australians will soon have five options for cryptocurrency exchange-traded funds as the delayed funds from Cosmos and 21Shares launch this week along with 3iQ’s in the future.
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The Australia Securities Exchange says crypto investors in the country need to be mindful of the dangers of holding their cryptocurrencies on exchange platforms.
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VMware, a Dell subsidiary that brought in $10B in revenue last year, has launched its enterprise-focused blockchain platform.
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“We have increased the scope of the project and extended the timeline,” said ASX CEO Dominic Stevens.
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The coronavirus crisis has created a lot of logistical problems across different industries. Even companies exploring blockchain ventures are now forced to postpone their venture for the foreseeable future. ASX Is the latest firm to confirm its blockchain project has been postponed. Postponing is the Best Option for ASX This move is not entirely surprising, as the current market conditions don’t allow for it to happen. ASX Is currently re-evaluation the implementation of the CHESS system. While embracing new technologies is always a good idea, there are bigger issues to be concerned with right now. The novel coronavirus outbreak is
The post ASX Delays its Blockchain Launch due to the Coronavirus Crisis appeared first on The Merkle News.
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