The new DAML-driven apps will connect BNP Paribas Securities Services with major global stock exchanges like the Australian Securities Exchange (ASX) and the Hong Kong Exchange (HKEX).
The apps will provide market participants in the Asia Pacific with real-time access to ASX and HKEX’s upcoming blockchain-based trading and settlement platforms. BNP Paribas will specifically connect to the ASX’s blockchain-powered equity transaction platform known as the Clearing House Electronic Subregister System, or CHESS.
Alongside connecting various blockchain-based platforms, the new DAML apps will be also available to clients in markets that have not integrated distributed ledger technology, the announcement notes.
One of the apps comprises a smart elections service for corporate actions. Due in 2021, the app is designed to provide instant access to all the corporate action chain data like dividend