ASX CEO: As July testing approaches, blockchain upgrades will bring benefits to the clearing industry

Australian Securities Exchange (ASX) CEO Dominic Steven said the company is about to move to blockchain technology and ASX is developing a blockchain-based alternative to replace its now aging clearing system CHESS. It will take place in July 2020. "We are very pleased that this will bring long-term benefits to clearing and settlement, as well as long-term benefits to the efficiency of the Australian securities industry."