BNP Paribas Securities Creating DLT Apps for ASX and HKEX

BNP Paribas Securities Services said it’s working with Digital Asset to develop apps for the distributed ledger (DLT) platforms being developed by the Australian Securities Exchange (ASX) and Hong Kong Exchange (HKEX). These will use DA’s smart contract language DAML. The first solutions will be delivered in 2021. The apps or dApps will be for real-time trade and settlement, and the bank says they will enable clients that haven’t integrated with the DLT platforms to nonetheless benefit from the real-time workflows offered by DAML.