The Australian Securities Exchange has postponed the integration of its blockchain post-trade settlements system from late 2020 to the first quarter of 2021.
According to ASX’s feedback report about the blockchain-backed system it wants to implement, payment providers, clearing and settlement participants, market operators, share registries and brokers, among others, were supportive.
However, “there was a common view in responses that too much new
functionality was being proposed to be implemented in too short a timeframe,” the exchange’s report said. “It was argued that this would result in increased complexity and risk across project phases and in the implementation timeframe.”
So ASX will push unveiling the system back to March or April of 2021.