The Australian ASX continues to talk about launching the settlement system based on the blockchain at the start of 2021

The Australian Securities Exchange's DLT-based settlement system is still "on track" to be launched at the start of 2021

The Australian Stock Exchange (ASX) recently received attention after the departure of their CEO, Blythe Masters. The announcement, published Tuesday, stated that the company's three-year-old executive had personal reasons to leave. However, their progress towards the creation and launch of their own settlement system based on the accounting register has not been hindered at all, on the basis of a recent declaration.

The vice-CEO for ASX, Peter Hiom has informed CoinDesk that they will continue to work on the DLT system. This new system is expected to replace the current CHESS platform. While AG Gangadhar, formerly a member of the DA board, acts as president, Hiom has remained loyal to the cause.

Hiom said,

"ASX remains committed to DLT and our partnership with Digital Asset (DA) – our CHESS replacement program is in line with the times we are working closely with the DA at all levels of development, implementation and preparation of customers for the replacement system, and we look forward to continuing this work with AG Gangadhar and the DA team. "

Considering the work that the Master did before his departure, the DLT system will not lose momentum Hiom noted that the original plan to "bring DLT to the market at the start of 2021" is still the goal. Making sure to note that there is no grudge against the former CEO, he added: "We thank you [Masters] and I wish you the best. "