Signage for the London Stock Exchange Group is seen outside of offices in Canary Wharf in London
The 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.LSE is not building anything around cryptoassets but it is looking to use the technology that underpins tokens like bitcoin to improve the efficiency of buying, selling and holding traditional assets, Roos told FT.
LSEG is considering using a separate legal entity for the digital markets business, the report said on Monday, adding that it hoped to have it running within the next year, subject to regulatory approvals.