The Australian Stock Exchange’s new strategy for modernizing clearing and settlement raise new concerns.
The fintech, which works with private banks to access to private capital, needed the help of PE firm Hg.
WollemAI has secured seed funding and is beginning to expand to Singapore through Australian banks.
The private-markets operator is applying for a license to break ASX’s monopoly on clearing and settlement.
Australia generally lacks regulation for anything crypto, but one local player has found an exception.
More institutional investors are allocating assets based on indexing, which requires bank-sourced data.
The review by Accenture that killed the DLT project details the problems behind ASX’s CHESS replacement.
Australians have a track record of disappointing disrupters.
Proceeds will go to capital reserves and funding a mortgage book.
The first chance to access the exchange’s new build heralds profound changes to come.