17 July 2018
Register today

Canadian Securities Exchange preps blockchain-based clearinghouse

14 February 2018  |  8563 views  |  0 Stock exchange screen

The Canadian Securities Exchange (CSE) has unveiled plans for a blockchain-based clearing and settlement platform.

The platform will enable companies to issue conventional equity and debt through tokenised securities, which would be offered to investors through Security Token Offerings (STOs).

The CSE has yet to file an application with Canada's regulators for the new platform but has already licensed the necessary technology from New York-based Fundamental Interactions.

The exchange has even lined up a guinea pig, inking an MoU with Vancouver-based Kabuni Technologies, which plans to file a prospectus with regulators for approval to issue tokens to investors through a STO.

The CSE says it is confident that Kabuni will be the first of many to sign up to use the new platform, with other drawn by instantly cleared and settled trades.

Richard Carleton, CEO, CSE, says: "Our platform represents an intersection between blockchain and the capital markets that delivers on blockchain’s promise to disrupt conventional transaction and record-keeping mechanisms, thereby providing tangible benefits for market stakeholders.

"By harnessing this technology, the potential exists to extend corporate finance beyond the limits of traditional equity and debt offerings."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

EU sets up Blockchain Observatory and Forum

EU sets up Blockchain Observatory and Forum

02 February 2018  |  14045 views  |  0 comments | 23 tweets | 25 linkedin
ASX to replace settlement network with Digital Asset's DLT platform

ASX to replace settlement network with Digital Asset's DLT platform

07 December 2017  |  8906 views  |  0 comments | 5 tweets | 12 linkedin
TMX, Bank of Canada and Payments Canada to run blockchain settlement tests

TMX, Bank of Canada and Payments Canada to run blockchain settlement tests

19 October 2017  |  12880 views  |  0 comments | 8 tweets | 8 linkedin

Related company news


Related blogs

Create a blog about this story (membership required)
Visit http://go.jumio.com/finextraAdVisit https://secure.vasco.comVisit info.nice.com

Top topics

Most viewed Most shared
Handelsbanken trials micro contactless cardsHandelsbanken trials micro contactless car...
10385 views comments | 19 tweets | 30 linkedin
Metro Bank opens developer portalMetro Bank opens developer portal
9349 views comments | 5 tweets | 14 linkedin
Anything Visa can do...Mastercard takes time outAnything Visa can do...Mastercard takes ti...
8713 views comments | 6 tweets | 14 linkedin
Citi to streamline corporate receivables with HighRadiusCiti to streamline corporate receivables w...
7735 views comments | 1 tweets | 5 linkedin

Featured job

to GBP £90K base, double OTE (estimate)
London, UK or Europe

Find your next job