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London Stock Exchange Group tests blockchain for private company shares

A worker shelters from the rain under a Union Flag umbrella as he passes the London Stock Exchange in London, Britain, October 1, 2008.

Toby Melville/File Photo

NEW YORK/LONDON (Reuters) - The London Stock Exchange Group Plc has teamed up with IBM to build a blockchain-based platform to digitally issue private shares of small and medium enterprises in Italy.

The platform is being built and tested by Borsa Italiana, the LSEG's Italian exchange operator, and will seek to make it easier to track and exchange shareholder information of unlisted businesses, the companies said on Wednesday.

Blockchain, which first emerged as the system powering the cryptocurrency bitcoin, is a shared record of information that is maintained by a...


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