ASX CEO: More companies can list crypto in near future

  • ASX CEO Dominic Stevens said more crypto companies like Block, run by Jack Dorsey, may list in the future.
  • The ASX CEO said the exchange may list more crypto companies in the future.
  • For the executive who previously said crypto was risky due to lack of proper custody options

According to the Sydney Morning Herald, ASX CEO Dominic Stevens said his exchange would likely list more crypto businesses in the future. The ASX warned domestic investors last year when it submitted findings on custody and private keys to a senate committee.

In June, Steven said the DLT-based settlement system being developed to replace the exchange’s ageing CHESS system would handle more value than all public blockchains containing crypto assets.

More crypto-related businesses joining the exchange’s list currently dominated by traditional mining firms and banks appears to have warmed the executive’s heart.

“I think as the industry matures, you may see Square-like companies listing,” Stevens said in the report, referring to last month’s Block-AfterPay merger.

Stevens also said the exchange was working on allowing “pure” ether and bitcoin ETFs, despite admitting last week that the exchange is “protective” of quality companies and calling the crypto industry a “very fast-moving space.”

Ahead of the ASX’s transition to DLT technology, Stevens announced last week he would step down later this year. Unlike the public networks that underpin decentralized exchanges, the DLT system will be permissioned and private.


Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.

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