The London Stock Exchange (LSE) Group is reportedly planning to create a blockchain-based platform that will offer traditional financial assets. According to the head of capital markets Murray Roos, the company has been looking into the potential of a blockchain-based trading venue for a year and is now ready to move forward with their plans. Roos clarified that they will not be building anything around cryptocurrencies, but will be using blockchain technology to enhance the efficiency of holding, buying and selling traditional assets. He also added that the LSE Group will have it regulated and that they waited until investors were ready and the public blockchain technology was good enough before proceeding with the project. If the plan comes into fruition, Roos claimed that the LSE Group would be the first major global stock exchange that will be offering an end-to-end blockchain-powered ecosystem to investors. Meanwhile, other traditional financial infrastructures have started to warm up to the idea of integrating blockchain technology into their business. On Aug. 31, the bank messaging network SWIFT shared a report on how it can connect with blockchains to solve the problem of interoperability between various blockchain networks. Apart from financial infrastructures, an airline carrier has also started to integrate blockchain-based technologies. On Aug. 31, Lufthansa Airlines launched a nonfungible token (NFT) loyalty program on the Polygon network. NFT holders will have the chance to gain rewards such as lounge access and flight upgrades.

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Information	Details
Geography	Europe
Countries	🇬🇧 🇨🇭
Sentiment	neutral
Relevance Score	9
People	Murray Roos, Lufthansa Airlines, Polygon Network., SWIFT
Companies	London Stock Exchange (LSE) Group, Polygon Network, Lufthansa Airlines, None, SWIFT
Currencies	None
Securities	None