Signage for the London Stock Exchange Group is seen outside of offices in Canary Wharf in London, Britain, August 3, 2023.
REUTERS/Toby Melville/file photo Acquire Licensing RightsSept 4 (Reuters) - The London Stock Exchange Group (LSEG.L) has drawn up plans for a new digital markets business to offer extensive trading of traditional financial assets on the blockchain technology known for powering cryptocurrency, the Financial Times reported.
LSEG is considering using a separate legal entity for the digital markets business, the report said on Monday, adding that it hoped to have it running within the next year, subject to regulatory approvals.
The London Stock Exchange Group did not immediately respond to a Reuters request for comment.
The reported move comes at a time when a number of mainstream financial institutions are talking about the potential for blockchain to streamline the process of issuing and trading financial assets.
Persons:
Toby Melville, Murray Roos, Blockchain, Roos, Akanksha, Savio D'Souza, Rashmi
Organizations:
London Stock Exchange, REUTERS, Financial Times, LSE Group, LSE, Treasury, London Stock Exchange Group, Thomson Reuters, Reuters, Thomson
Locations:
Canary Wharf, London, Britain, LSEG, Bengaluru