Despite several reports pointing to it taking a rather conservative and cautious approach as regards adopting blockchain technology, the London Stock Exchange (LSE) is reportedly testing the admission, issuance, and finally the trading of equities with Nivaura, a London-based Fintech start-up into the development of products for issuance and settlement of securities on Financial platforms. This news is coming after the exchange led a $20 million seed funding round for Nivaura.
LSE is Set to Deliver STOs
Explaining further, Nikhil Rathi, the CEO of London Stock Exchange (LSE), stated that “You can certainly see distributed ledger technology having an application in the issuance process,” He added, “I can see that technology being used in settlement too.”.
A recent report has shown that LSE is on track to deliver financial securities on the blockchain. These securities are classified as Security Token Offerings (STO) mainly because their price and supply are backed by actual financial security.
All this is despite the CEO…