Australian Stock Exchange to sell Digital Asset stake for $37 million after abandoning blockchain trading project

The Australian Securities Exchange (ASX) has announced that it has sold all of its shares in Digital Asset for $37 million (AU $57 million) to an unnamed investor. Digital Asset is the developer of the ASX blockchain trading system CHESS, but the project was eventually abandoned after six years of hard work and changes in the management of the ASX. Digital Asset has raised $315 million to date, and is backed by a number of blue-chip investors, including Accenture, Citi, Goldman Sachs, IBM, JPMorgan Chase and others.