The London Stock Exchange (LSE) is weighing the benefits of using blockchain technology for issuing stock and settling trades and revolutionize.
In an interview with CNBC, the LSE chief executive Nikhil Rathi said he was inspired by early blockchain initiatives at other stock exchanges, and sees the benefit of distributed ledger technology:
“You can certainly see distributed ledger technology having an application in the issuance process… I can see that technology being used in settlement too.”
LSE, the world’s sixth-largest stock exchange, has been surprisingly open to blockchain technology. Earlier in 2019, the exchange led a $20 million investment round in blockchain startup Nivaura.
It’s yet another sign that established financial institutions are warming to disruptive blockchain technology. A new future of trading is emerging. As crypto fund founder Anthony Pompliano claimed, “every stock, bond, currency and commodity will be tokenized.”