ASX abandons $170 million blockchain Chess replacement project

The decision follows numerous delays to the project, which had been in the works since 2017.

After a series of delays, the Australian Stock Exchange (ASX) has hit pause on a protracted project to replace its Clearing House Electronic Subregister System (Chess) with a new clearing and settlement infrastructure, based on blockchain technology.

¬ Haymarket Media Limited. All rights reserved.

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