The Australian Securities Exchange is the arguably the world’s first major securities exchange operator to publicly express an interest in adopting blockchain technology. As CCN reported in 2015, ASX managing director at the time Elmer Funke Kupper underlined a blockchain-powered platform as a serious candidate to replace the ASX’s existing Clearing House Electronic Subregister System (CHESS). The decentralized technology was deemed as a “once in a 20-year opportunity” for a technological revamp, by the executive.