Blockchain-based market preparation from LSE Group

London Stock Exchange Group (LSEG), one of the oldest stock exchanges in the world, has begun preparations for trading traditional financial assets on a blockchain-based market. Murray Ross, head of capital markets at LSE Group, said in an interview with the Financial Times that the company has been examining the potential of blockchains for nearly a year. Now is the time to take plans to the next level, Ross said.

Ross emphasized that the project does not involve cryptocurrencies and only uses blockchain technology that supports digital assets with the aim of making the buying, selling and holding of traditional assets more efficient. “The key idea here is to use digital technology for a smoother, cheaper and more transparent process,” the head of capital markets said.

According to the Financial Times, LSE Group is considering using a separate asset for blockchain-based markets. The company is in talks with the UK government and the Treasury Department on the matter.