The ASX is planning to roll out the replacement to the CHESS operating system in April 2021. Our Managing Director, Paul Williams comments, “Automic Group comes to the market armed with a fast-growing registry business based on exploiting new technology. We are big supporters of the ASX’s move to DLT.”
As an Australian FinTech company, the Automic Group continues to commit resources to new and innovative technologies including DLT, building capability in DAML, other smart contracts frameworks and Artificial Intelligence. The ASX plan to transition off the 25 year old CHESS system is overdue, the shift to DLT infrastructure is a positive step forward into the future.
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