The Financial Times published an intriguing report over the weekend that says the London Stock Exchange Group is poised to stand up a new trading market that will let users swap tokenized version of stock. The head of the exchange's capital markets group, Murray Roos, says this came about after the group studied the possibility of a blockchain-based trading venue for a year and concluded the technology had reached an "inflection point."
The new service will not involve cryptocurrencies but rather will see the LSE offer digital equities, and use a "public blockchain"—presumably Ethereum—to streamline the cumbersome process of arranging and settling stock trades. At the outset, Roos said the new LSE unit will not compete with its traditional counterpart but focus instead on more exotic global transactions. Per the FT:
