Scotland to Start Own Stock Exchange Using Blockchain Technology
- Scotex market plans to raise as much as 15 million pounds
- Exchange will use distributed ledger technology for clearing
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Scotland may get its own stock exchange using the latest, if unproven, technology to underpin the system.
Scotex is seeking to raise as much as 15 million pounds ($18.4 million) to start a regulated equity market next year, according to a statement on Thursday. Executed trades will be processed by the type of distributed-ledger technology that drives bitcoin.