New US stock exchange will use the blockchain to track trading activity

[Kathleen Martin]

This week, America’s first blockchain-based stock exchange obtained regulatory approval from the Securities and Exchange. In a filing the SEC uploaded to its website on late Thursday evening, it said the Boston Security Token Exchange (BSTX) could use the nascent technology to offer faster trade settlements. Compared to a traditional exchange where it typically takes two days to settle a trade, BSTX will offer same-day and next-day settlements. It will also use a private blockchain to offer a market feed that will allow members to see their own trades, as well as that of others, on an anonymous basis.
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