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After abandoning its blockchain trading project, the Australian Securities Exchange sold its stake in Digital Asset for $37 million.
Golden Finance reported that the Australian Securities Exchange (ASX) announced that it has sold all its holdings in Digital Asset for $37 million (A$57 million), with the buyer being an unnamed investor. Digital Asset is the developer of the Blockchain trading system CHESS for the Australian Securities Exchange; however, after six years of effort and changes in the management of the ASX, the project was ultimately abandoned. Digital Asset has raised a total of $315 million to date, backed by numerous blue-chip investors including Accenture, Citigroup, Goldman Sachs, IBM, and JPMorgan.