HKEX Synapse aims to create more efficient post-trade workflows with added transparency, efficiency and lower settlement risk.
Hong Kong Exchanges and Clearing Limited, a publicly traded market operator, is launching a blockchain-based settlement platform.
HKEX Synapse aims to boost operational efficiencies, lower settlement risks and bolster transparency by using smart contracts to augment post-trade workflows. It's part of a market access program connecting markets in Hong Kong and mainland China called Stock Connect.
HKEX Synapse uses the open-source smart contract language DAML, which can synchronize data across blockchains and centralized databases.© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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