The London Stock Exchange (LSE) appears keen on exploring how blockchain technology can help its core businesses.

In a recent interview with CNBC, LSE’s chief executive officer Nikhil Rathi talked about how the technology could be used in the UK’s stock market.

“You can certainly see distributed ledger technology having an application in the issuance process,” Rathi told the news outlet. “I can see that technology being used in settlement too.”

As noted by CNBC, the London-based exchange operator recently acquired a minority stake in Nivaura, a company that claims to have issued the world’s first automated cryptocurrency-denominated bond. LSE has been testing the issuance, admission and trading of equities with Nivaura in a regulatory sandbox.

Rathi noted that rival exchange operators had come up with interesting ideas on how to make use of blockchain technology and added that it remained to be seen which ones would gain market traction.

Early mover

One such company is the Swiss stock exchange SIX, which plans to…

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Source: https://thebitcoinnews.com/lse-sees-possible-applications-of-blockchain-in-uk-stock-market/