The Australian Securities and Investments Commission (ASIC) says it expects the range of potential uses of blockchain-style distributed ledger technology (DLT) to grow “exponentially” over time.
The Australian Securities and Investments Commission (ASIC) says it expects the range of potential uses of blockchain-style distributed ledger technology (DLT) to grow “exponentially” over time.
“To date, we have seen DLT used in foreign exchange remittance payments, securities settlement systems, debt issuance programs and digital identity initiatives,” an information sheet published by the corporate watchdog said.
“Internationally, DLT is being deployed in an even wider range of use cases including arrangements to support private securities transactions, interbank payments, and netting services for repo and foreign currency markets.”
“This info sheet is for both existing licensees and start-ups,” ASIC chairperson Greg Medcraft said in a statement. “It will help to fast track our discussions with stakeholders and we want to use the framework as a conversation starter as the technology continues to evolve.
