The CEO of the London Stock Exchange (LSE), one of the world’s oldest stock exchanges, believes that blockchain could have a use in issuing securities and settlement.
Speaking in an interview, Rathi noted that distributed ledger tech (DLT) could potentially play a role in the United Kingdom’s stock market.
The stock exchange’s CEO emphasized that the adoption of blockchain in capital markets needed to be carried out with caution due to some extreme manifestations of innovation in the crypto industry. In February 2019, the exchange’s parent company, the London Stock Stock Exchange Group (LSEG), led a $20 million funding round in fintech startup Nivaura, which is reportedly developing the world’s first crypto-denominated, blockchain-settled bond.
In late April, the world’s largest stock exchange, Nasdaq, launched a new XRP index dubbed XRP Liquid Index (XRRLX) on its global data service.