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BRIEF-ASX Selects Distributed Ledger Technology To Replace CHESS
December 6, 2017 / 10:06 PM / 6 days ago

BRIEF-ASX Selects Distributed Ledger Technology To Replace CHESS

Dec 7 (Reuters) - ASX Ltd:

* SELECTS DISTRIBUTED LEDGER TECHNOLOGY TO REPLACE CHESS-ASX.AX

* ANNOUNCES ITS INTENTION TO REPLACE CHESS USING DISTRIBUTED LEDGER TECHNOLOGY (DLT) DEVELOPED BY ITS TECHNOLOGY PARTNER DIGITAL ASSET

* WILL EXERCISE ITS PRO-RATA RIGHT TO PARTICIPATE IN DA‘S RECENT SERIES B FUNDRAISING AND SUBSCRIBE FOR US$3.5 MILLION CONVERTIBLE NOTES

* ASX AND DA HAVE AGREED TO WORK EXCLUSIVELY ON DLT IN AUSTRALIA AND NEW ZEALAND. Source text for Eikon: Further company coverage:

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