The full article in the AFR made some interesting points.
It made the comment that ASX could lose $90m in revenue with Blockchain coming into existance. When 77% of revenue goes to EBIT - that is a large amount. Although not mentioned, the advantage for ASX of this technology is that the risk capital that ASX needs to hold for CHESS will be greatly reduced. Freeing up this capital could flow back to shareholders either through dividends or share buybacks.
ASX obviously believes that having a seat at the table and being at the forefront of the Technology will put it in better shape to manage the transition than if it is a follower.
Thoughts?
HT1
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The full article in the AFR made some interesting points. It...
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