March 14, 2025
London Stock Exchange to create traditional assets trading platform on blockchain

London Stock Exchange (LSE) Group is reportedly planning to create a blockchain-based platform offering traditional financial assets.

according to According to the Financial Times, the company has been researching the potential of a blockchain-based trading venue for a year. Murray Roos, head of capital markets at London Stock Exchange Group, said the firm’s efforts in researching blockchain had reached a point where it decided to move forward with its plans.

Roos also clarified that it will not build anything around cryptocurrencies. However, the company will use blockchain technology to improve the efficiency of holding, buying and selling traditional assets.

The idea, Ruth said, is to use digital technology to create a “smoother, cheaper and more transparent” process for traditional assets. The LSE Group executive also added that it will be regulated.

Roos also mentioned that LSE Group will wait until investors are ready and the public blockchain technology is good enough before proceeding with the project. Ruth claimed that if the plan comes to fruition, LSE Group will become the first major global stock exchange to offer investors an end-to-end blockchain-powered ecosystem.

related: UK expands cryptocurrency crime agency, on hiring spree

At the same time, other traditional financial infrastructures are also keen to integrate blockchain technology. On Aug. 31, banking messaging network SWIFT shared a report on how to connect with blockchains to solve interoperability issues between various blockchain networks.

In addition to financial infrastructure, airlines are also starting to integrate blockchain-based technology. On August 31, Lufthansa launched its non-fungible token (NFT) loyalty program on the Polygon network. NFT holders will have the opportunity to earn rewards such as lounge access and flight upgrades.

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