The Canadian Securities Exchange is planning to launch a blockchain-powered platform to clear and settle securities trades, challenging the monopoly long held by TMX Group Inc. and its own ambitions with the technology. This clearing house, if approved, would serve as a rival to Canadian Depository for Securities Ltd., which has long served as the country's main securities and fixed income clearing and settlement hub. CDS is owned by the TMX Group, Canada's biggest exchange operator that operates both the Toronto Stock Exchange and the TSX Venture. Carleton said the CSE expects to be the first recognized exchange in Canada to introduce a fully-developed blockchain platform for trading, clearing and settling tokenized securities. Through the CSE's new platform, securities would be offered to investors through tokenized securities.

Source: CBC News February 13, 2018 20:48 UTC