Australian Equity Transfer Service company and blockchain start-up companies to build equity registration

The two companies announced the partnership at the Sydney Investor Conference, the Sydney Morning Herald reported. The initial cooperation project was the application of the Australian Securities market, and it was clear that the project attracted a lot of attention, since the major Australian exchanges have already started a distributed ledger exploration.


Australian Equity Transfer Service company and blockchain start-up companies to build equity registration system
Stuart Irving



Computershare chief executive Stuart Irving at the investor conference that many technical supporters believe that blockchain can improve or even directly replace many aspects of the securities industry, which is positive for the company's development.
"We believe that the comments on blockchain ' will harm Computershare's interests ' are ignorant and reflect their lack of analytical research or a vested interest in competition." Our focus should be on payment and settlement, not registration. ' Distributed ledger ' technology means that everyone can get a copy of the equity register as naïve as the idea.
Under the cooperation agreement, SETL is responsible for providing software support for the share registration, while Computershare is lobbying shareholders to join the system.


The news quickly became headlines last year when Setl announced that a former Bank of England executive had become chairman of the company. David Walker, who joined Setl in mid-December, was a former Barclays and Morgan Stanley executive.