The use of bitcoin’s underlying technology is growing among fintech players. The capability of creating self-executing smart contracts using blockchain technology has proven to be a deal-maker in the case of stock exchanges and trading houses. While the banking sector explores its potential to facilitate fast and inexpensive fund transfers between branches across geographical boundaries, stock exchanges are looking into the smart contracts and automatic settlement features.
Nasdaq , Australian Securities Exchange , New York Stock Exchange have been interested in the blockchain technology for a while now. Canada is not far behind the United States and Australia. Toronto Stock Exchange has signaled its interest in the distributed ledger technology by hiring an expert. According to reports, the Toronto Stock Exchange has recently hired Anthony Di Iorio to help them out in their quest.
Anthony Di Iorio is a well-known personality in the cryptocurrency circles. He is one of the founders of Ethereum – the next big thing after Bitcoin. He is also the founder of Kryptokit and Decentral along with being a key member of the Bitcoin Alliance of Canada. He has now been appointed as the Chief Digital Officer of Toronto Stock Exchange. The appointment of Anthony Di Iorio in January was announced by the Chief Executive of Toronto Stock Exchange’s parent group TMX Global Enterprise Services.
Jean Desgagne , the TMX Global Enterprise Services’ chief executive, while speaking to Venture Beat also mentioned that the appointment of Anthony Di Iorio has come at the time when Canada’s largest stock exchange is exploring the potential and capabilities of the blockchain technology.
Toronto Stock Exchange’s Australian counterpart, the ASX had announced its plans to upgrade its existing trade settlement system with a new blockchain powered system. It has listed the help of a well-known blockchain based financial solutions provider […]
