According to Foresight News, the London Stock Exchange (LSE) has developed a new digital market business plan, aiming to become the first major exchange to offer extensive trading of traditional financial assets on blockchain technology. LSE's Head of Capital Markets, Murray Roos, stated that after about a year of researching the potential of blockchain-driven trading venues, they have reached a turning point to move forward with the plan. Roos emphasized that the exchange will 'absolutely not build anything around crypto assets', but instead hopes to utilize the technology supporting popular tokens like Bitcoin to improve the efficiency of buying, selling, and holding traditional assets. If successful, the LSE will become the first large securities exchange to offer investors an 'end-to-end' blockchain-driven ecosystem.
Additionally, the LSE is considering using a separate legal entity for its digital market business and hopes to launch and operate the first market within the next year, subject to regulatory approval. The LSE is currently in negotiations with regulatory authorities in multiple jurisdictions, as well as the UK government and the Treasury, with the ultimate goal of establishing a global platform.
