Share this article
National Stock Exchange of Australia Plans DLT Platform to Compete With ASX
National Stock Exchange of Australia owner NSX Ltd. and financial institution iSignthis are forming joint venture to offer a digital securities trading platform.
Updated May 9, 2023, 3:06 a.m. Published Feb 20, 2020, 10:00 a.m.
Australia's primary stock exchange could soon have a new blockchain-based rival.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
National Stock Exchange of Australia owner NSX Ltd. and financial institution iSignthis (ISX), both publicly listed companies, announced Thursday they are forming a joint venture to offer a digital securities trading platform.
Called ClearPay, the new entity will offer a platform based on distributed ledger technology (DLT) and provide same-day delivery versus payment (DVP) settlement. iSignthis will integrate its "know your customer’s customer" security and other solutions with the platform.
The firms said they intend for ClearPay to compete with the Australian Securities Exchange (ASX) – which is also building a DLT replacement for its outdated CHESS clearing system in partnership with blockchain firm Digital Asset – by providing same-day settlement solutions in an industry that traditionally takes up to three days to fully clear trades. The ASX is eyeing July for the start of industry tests of its new platform, which has been in the works for some years.
Thomas Price, acting CEO of NSX, said in a press release the market is in “broad agreement” that cash equity exchanges were facing a "global technology revolution" that is beginning to challenge legacy methods of clearing and settlement.
“Having patiently monitored the development of the appropriate technology ... we consider that this is the right time for the NSX to act,” Price said.
As part of the shareholders' agreement, ISX has invested A$4.2 million in NSX via a private placement. That brings the investor a 12.96 percent stake in NSX at $0.145 per share.
ClearPay is expected to go live "by early 2021." After that, the firms expect the domestic and international broker network to connect via the electronic data interchange standard ISO20022, and participate using an industry-standard blockchain.
The DLT platform will be accessible to participants and share registry operators, with the National Stock Exchange of Australia as the central authority.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
What to know:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
Top Stories
