What can HKEx’s Synapse learn from watching ASX’s game of Chess?

HKEx is looking to leverage smart contracts for its Synapse platform. Sell-side participants are generally positive as to the reasoning behind the build, but observers warn the ambitious project still has challenges to overcome.

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The Australian Securities Exchange (ASX) has recently made a name for itself for its ambitious plan to replace its Chess equities clearing and settlement system with a distributed ledger technology (DLT) platform developed by Digital Asset. But since that decision, the exchange has needed to delay its original go-live implementation timeline multiple times. After conducting a re-planning, re-sizing, and review of the project, ASX now aims to have Chess go-live in April 2023. The new timeline

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