ASX builds ‘DLT-as-a-service’ offering to help prep market for Chess replacement

The exchange’s customer Daml sandpit has been up and running since January and has had over 20 firms log on. The next phase—its DLT cloud environment—will be ready in early October.

In January, the Australian Securities Exchange (ASX) launched its customer Daml sandpit, which sits within its distributed ledger technology (DLT) solutions unit.

The sandpit allows individuals and firms to familiarize themselves with the Daml smart contracting language, which is particularly important since it’s the language that the ASX’s Chess replacement project is based on. Participants in the sandpit can also start coding and developing applications.

Paul Stonham, general manager of DLT

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