Share this article
Santiago Stock Exchange to Partner in Blockchain Alliance
A new Hyperledger blockchain initiative is looking to stabilize the Chilean stock market.
By Daniel Kuhn
Updated Sep 13, 2021, 11:23 a.m. Published Aug 28, 2019, 8:00 p.m.
A new Hyperledger blockchain initiative is looking to stabilize the Chilean stock market and lure in overseas investors.
The Santiago Stock Exchange (STE), Central Securities Depository (DCV) and the Global Trade Directory (GTD) will form a blockchain association for this task, according to a BNamericas report, published August 27.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The so-called Technology Consortium will examine use cases for blockchain in the financial sector, specifically in improving communications for domestic and international investors in the Chilean stock exchange.
Within 18 months, the association looks to institute the Business Blockchain Network that will operate a collection of nodes. Reportedly this interconnectivity will “reduce applications, times, and costs of administrative processes.”
“Innovation is a strategic pillar for the Santiago Stock Exchange. Through this Consortium we seek to generate the best conditions for the stock and financial business, with innovative and world-class solutions,” said the general manager of the Santiago Stock Exchange, José Antonio Martínez.
Last year, the STE implemented the Linux Foundation’s Hyperledger framework to support short selling and other financial instruments. The Hyperledger network is marketed as an enterprise-focused, permissioned blockchain. In recent months, the International Swaps and Derivatives Association (ISDA) also began integrating parts of the software.
Over the next six months, the consortirum will begin defining and finalizing the project’s details with input from affected institutions. Production releases are expected at 6 month intervals thereafter.
Earlier this month, a leading Latin American banking provider partnered with cryptocurrency exchange Bitex to facilitate cross-border payments on the continent using the bitcoin blockchain.
Metropolitan Cathedral, Plaza de Armas (Main Square), Santiago de Chile via Shutterstock
Більше для вас
Що варто знати:
- 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.
Більше для вас
LUNC Surges Over 160% in a Week as Do Kwon Sentencing and Token Burns Draw Traders
The rally is driven by speculation that a final verdict could bring clarity to the project, as well as technical factors like token burns.
Що варто знати:
- Terra Classic (LUNC) surged 74% to $0.0000072, up 160% in the past week, on exploding trading volume, ahead of Terraform Labs founder Do Kwon's sentencing on Dec. 11.
- The rally is driven by speculation that a final verdict could bring clarity to the project, as well as technical factors like token burns, with 849 million LUNC destroyed in the past week.
- The token's momentum is also fueled by Binance's pause on LUNC withdrawals ahead of the Terra Chain's v2.18 upgrade, which aims to improve network stability, despite the token remaining volatile.
Top Stories
