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Scotland to Start Own Stock Exchange Using Blockchain Technology

  • Scotex market plans to raise as much as 15 million pounds
  • Exchange will use distributed ledger technology for clearing
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Source: Getty Images

Scotland may get its own stock exchange using the latest, if unproven, technology to underpin the system.

Scotex is seeking to raise as much as 15 million pounds ($18.4 million) to start a regulated equity market next year, according to a statement on Thursday. Executed trades will be processed by the type of distributed-ledger technology that drives bitcoin.