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The Australian Securities Exchange is building the world’s first actual industrial-scale blockchain use case – a new post-trade solution to replace CHESS.
Cashwerkz has reached $1.1 billion in active funds (waiting to mature) in January 2020, with the total number of investments placed increasing 107%.
Australian startups saw a continued rise in venture capital funding in 2019, rising to US$1.145 billion, up from US$1.033 billion in 2018 according to KPMG
Banks risk loss of US$3 billion in payments revenue to digital payments growth, non-bank competitors
Australian banks are at risk of losing US$3 billion in payments revenue by 2025 due to the growth of digital payments and competition from non-banks.