LSEG's technology will power AAX cryptocurrency platform

Over the last few years, cryptocurrency has really taken the world by storm as more and more people are starting to adopt it as a medium of exchange. However, the underlying security and regulatory concerns of the blockchain technology have often intimidated investors from embracing it fully. To deal with this problem, the Securities and Futures Commission (SFC) of Hong Kong decided to issue a set of guidelines for cryptocurrency trading last year.

As a response to that, the ATOM Group, a Hong Kong-based global fintech firm, has decided to collaborate with London Stock Exchange Group Technology (LSEG Technology), and is set to become the first company in the world to leverage the latter's Millennium Exchange™ matching engine in digital asset exchange. This investment could be crucial to the ATOM Group as it should potentially enable it to boost the security and simultaneously improve the efficiency of its AAX digital exchange platform so as to ensure the best practice in the digital asset marketplace.

The Millennium engine is already powering other similar platforms, including the likes of LSEG and the Hong Kong Exchange (HKEX), and is slated to be part of AAX when it launches in the first half of this year.

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