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LSE Group draws up plans for blockchain-based digital assets business

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(Reuters) - The London Stock Exchange Group has drawn up plans for a new digital markets business to offer extensive trading of traditional financial ...

STORY CONTINUES BELOW THESE SALTWIRE VIDEOS - The London Stock Exchange Group has drawn up plans for a new digital markets business to offer extensive trading of traditional financial assets on the blockchain technology known for powering cryptocurrency, the Financial Times reported.

"The idea is to use digital technology to make a process that is slicker, smoother, cheaper and more transparent . . . and to have it regulated."

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LSE Group draws up plans for blockchain-based digital assets businessThe company had been examining the potential for a blockchain-powered trading venue for around a year and reached an 'inflection point' where it decided to take plans forward, Murray Roos, head of capital markets at the LSE Group, told FT in an interview. Blockchain is a digital ledger which records and verifies transactions.
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