Australian Stock Exchange abandons blockchain trading project and sells Digital Asset stake for $37 million

According to Golden Finance, the Australian Securities Exchange (ASX) announced that it has sold all of its Digital Asset shares for $37 million (AUD 57 million) to an unnamed investor. Digital Asset is the developer of the Australian Securities Exchange's blockchain trading system CHESS, but after six years of effort and changes in the management of the Australian Securities Exchange, the project was ultimately abandoned. Digital Asset has raised a total of $315 million to date, backed by numerous blue chip investors including Accenture, Citigroup, Goldman Sachs, and others IBM、 JPMorgan Chase and others.