London Stock Exchange Waiting for Opportune Blockchain Use

London Stock Exchange Waiting for Opportune Blockchain Use

The London Stock Exchange are looking for the right moment to make use of blockchain technologies, according to its CEO, Nikhil Rathi.

The connection between one of the world’s most recent advances in technology and one of the oldest institutions in the world was made during a recent interview Rathi conducted with CNN.

He explained that there are various “interesting array of different ideas” involved in blockchain but it will be the ones who most “gain traction” that would be interesting for implementation on the 7th largest stock exchange in the world. What most interested him it seems was the capabilities of technologies in the issuance and settlement procedures.

The LSE has already made some minor steps towards involvement in blockchain already by purchasing a small stake in Nivaura. The company, who have claimed to provide the world’s first automated cryptocurrency-denominated bond, are working with the exchange to test issuance, admission and trading of equities.

However, no official roll-out of their service has been announced and Rathi also stressed a need for “a little bit of caution” due to “extreme manifestations” witnessed in the crypto world.  

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