ASX Gives Digital Asset’s Technology Green Light to Replace CHESS

ASX today announces its intention to replace CHESS using distributed ledger technology (DLT) developed by its technology partner Digital Asset (DA) CHESS (Clearing House Electronic Subregister System) is the system used by ASX to record shareholdings and manage the clearing and settlement of equity transactions in Australia. It was world-leading when introduced in the 1990s, providing name-on-register…