NSX shares hit 13-year high with iSignthis blockchain system "operationally ready" for 2021 launch

Shares in the National Stock Exchange of Australia (NSXA, ASX: NSX) surged 380 per cent in early trading to reach $0.33 after announcing a platform pitted by its creators as an “Australian NASDAQ” would be up and running early next year.

The investor excitement pushed NSX shares to their highest level since 2007, but within 25 minutes the daily growth had subdued to 130 per cent at $0.20 per share.

After trading finished yesterday, the minor stock exchange operator – whose market capitalisation is barely a blip on the ASX – made two announcements relating to its technology partner iSignthis (ASX: ISX).

The Melbourne-based payment identity verification group has close to an 18 per cent stake in the NSX and its CEO John Karantzis is also the new head of the market operator.

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Source: NSX shares hit 13-year high with iSignthis blockchain system “operationally ready” for 2021 launch