ASX Announces the Launch of Its DLT-as-a-Service Platform

The Australian Securities Exchange (ASX) announced that its new Distributed Ledger Technology (DLT) as a Service platform, Synfini, is now production ready. The exchange added that the first set of new customers will deploy a range of DLT-powered solutions over the coming months.

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Synfini is a full service blockchain technology offering powered by VMware Blockchain. It provides customers with access to ASX’s DLT infrastructure, data hosting, ledger services and support.

“With Synfini, ASX is providing an innovative solution for customers to enable the building of a diverse ecosystem of products and services,”Dan Chesterman, ASX Group Executive, Technology and Data, said.”Synfini has the potential to open up a new world of opportunity for companies, both in and outside financial markets, to design and build innovative, digital, multi-party solutions on ASX’s world-class ledger.”

Since ASX’s DLT as a service ‘sandpit’ opened in January this year, more than 20 firms have ‘jumped in’ to explore the Daml smart contract language from Digital Asset for building multi-party applications.

“With Daml, organisations build applications that ensure systems remain in sync and entitled users have access to reliable, real-time information and transaction status at all times,”Paul Stonham, General Manager Business Development, ASX DLT Solutions said.

Additionally, the official announcement revealed that some of the early adopters of the platform include KPMG, Broadridge, Boulevard and DigitalX.