The future of financial markets lies in tokenised securities

In 2015, Santander predicted blockchain technology would drive a $15-$20bn (£11.8-£15.7bn) reduction in banks’ annual infrastructure costs by 2022. Now, three years on, the first commercial blockchain projects are beginning to realise this prediction — especially in financial markets. The Australian Securities Exchange(ASX) became the one of the first global organisations to embrace distributed ledger tech: announcing plans late last year to replace its settlement system with a...