ASX Chief: Other crypto companies could be listed on the stock exchange in the future

ASX Chief: Other crypto companies could be listed on the stock exchange in the future

The CEO of the Australian Securities Exchange (ASX), Dominic Stevens, said on Sunday that his stock exchange will probably list more crypto companies in the future if the industry will continue to develop The Sydney Morning Herald .

It is an important linchpin of the warning of the ASX to domestic investors last year, when this was the case Findings presented in relation to custody and private keys, in July before a Senate committee,

Steven also said that this is based on the distributed Ledger technology (DLT) processing system that is being developed to replace the aging of the aging system of the stock exchange at some point in the next few years.

Now the executive for the idea seems to be warmed up that more crypto -related companies in the list of stock exchange are now being dominated, which is currently being dominated by the country's largest traditional mining companies and banks.

"I think if the industry matures, you may see Square-like companies that will be noted in the future," said Stevens in the report and referred to a historical listing that followed Jack Dorsey's block-affusion fusion last month.

Stevens also said that the stock exchange was working to allow "pure" stock market traded funds based on ether and Bitcoin, although he admitted last week that the stock exchange described the quality of companies "Sagittarius" and the crypto industry as "very quickly". movable space. ”

Stevens also announced last week that he would be Later in the year and that he could not commit himself to details on the coming years if ASX switches to DLT technology. The DLT system will be approved and private, in contrast to the public networks that underpin the decentralized exchange of the crypto industry.