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Blockchain Used to Settle Stocks in Bank of Canada Experiment

  • Project Jasper shows ability to an integrated DLT system
  • Findings offer ‘critical insight’ for technology, TMX says

Blockchain can be used to clear and settle stocks, an experiment involving the Bank of Canada has shown.

Canada’s central bank, stock-exchange operator TMX Group Ltd. and the nation’s payments system used the distributed ledger technology, or DLT, to clear and settle securities on an integrated platform as part of their Project Jasper research initiative.