Featured Markets News Report
September 04, 2023

London Stock Exchange Group Unveils Plans for Blockchain-Based Digital Assets Venture

London Stock Exchange Group Unveils Plans for Blockchain-Based Digital Assets Venture

The London Stock Exchange Group (LSEG) recently revealed its blueprint for a digital assets endeavor, aimed at facilitating extensive trading of conventional financial assets using blockchain technology, renowned for powering cryptocurrencies.

As reported by the Financial Times, the strategic move follows nearly a year of diligent exploration of blockchain’s potential as a transformative trading platform.

In an interview with the Financial Times, Murray Roos, Head of Capital Markets at LSE Group, disclosed that the company had reached an “inflection point,” prompting the decision to advance their plans. Blockchain is set to underpin this ambitious initiative.

Roos emphasized that LSEG is not venturing into the realm of crypto assets. Instead, the firm aims to harness blockchain technology, akin to the technology supporting cryptocurrencies like Bitcoin, to enhance the efficiency of transactions involving conventional assets, making them more seamless, cost-effective, and transparent.

Furthermore, the company intends to subject this digital transformation to rigorous regulatory oversight, ensuring its compliance with industry standards.

As part of their meticulous preparations, LSEG is contemplating establishing a distinct legal entity specifically dedicated to the digital markets enterprise. The goal is to have this innovative venture operational within the next year, contingent on securing the requisite regulatory approvals.

In an indication of their commitment to this endeavor, LSEG is already engaged in discussions with regulatory bodies in multiple jurisdictions, including consultations with the UK government and Treasury.

This announcement arrives at a pivotal juncture, coinciding with a broader industry trend where several established financial institutions are actively exploring the potential of blockchain technology to streamline the issuance and trading of financial assets.

As LSEG spearheads this visionary initiative, the financial world eagerly awaits the transformative impact of their blockchain-based digital assets venture.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Victor is a Managing Tech Editor/Writer at Metaverse Post and covers artificial intelligence, crypto, data science, metaverse and cybersecurity within the enterprise realm. He boasts half a decade of media and AI experience working at well-known media outlets such as VentureBeat, DatatechVibe and Analytics India Magazine. Being a Media Mentor at prestigious universities including the Oxford and USC and with a Master's degree in data science and analytics, Victor is deeply committed to staying abreast of emerging trends. He offers readers the latest and most insightful narratives from the Tech and Web3 landscape.

More articles
Victor Dey
Victor Dey

Victor is a Managing Tech Editor/Writer at Metaverse Post and covers artificial intelligence, crypto, data science, metaverse and cybersecurity within the enterprise realm. He boasts half a decade of media and AI experience working at well-known media outlets such as VentureBeat, DatatechVibe and Analytics India Magazine. Being a Media Mentor at prestigious universities including the Oxford and USC and with a Master's degree in data science and analytics, Victor is deeply committed to staying abreast of emerging trends. He offers readers the latest and most insightful narratives from the Tech and Web3 landscape.

Hot Stories
Join Our Newsletter.
Latest News

The Calm Before The Solana Storm: What Charts, Whales, And On-Chain Signals Are Saying Now

Solana has demonstrated strong performance, driven by increasing adoption, institutional interest, and key partnerships, while facing potential ...

Know More

Crypto In April 2025: Key Trends, Shifts, And What Comes Next

In April 2025, the crypto space focused on strengthening core infrastructure, with Ethereum preparing for the Pectra ...

Know More
Read More
Read more
Web3 On-Chain Data Insights: In April, Solana Tops Activity, Ethereum Sees Capital Inflows, Bitcoin Shows Structural Rebound
News Report Technology
Web3 On-Chain Data Insights: In April, Solana Tops Activity, Ethereum Sees Capital Inflows, Bitcoin Shows Structural Rebound
May 9, 2025
Exploring AI Revolution In Web3: Decentralized AI, Data Ownership, And The Road Ahead
Hack Seasons News Report Technology
Exploring AI Revolution In Web3: Decentralized AI, Data Ownership, And The Road Ahead
May 9, 2025
The Future Of AI Agents: Innovation, Challenges, And Opportunities
Hack Seasons News Report Technology
The Future Of AI Agents: Innovation, Challenges, And Opportunities
May 9, 2025
Adidas, Binance, And Coinbase: Major Crypto Partnerships Of May 2025
News Report Technology
Adidas, Binance, And Coinbase: Major Crypto Partnerships Of May 2025
May 9, 2025