The CHESS replacement, which is expected to go live in 2021, is based on DLT software from Digital Asset Holdings (ASX is a part-owner of DAH).
Tech-focused Melbourne startup Blockbid has thrown down the gauntlet by offering worldwide, instant, no-verification signups, and unlimited withdrawals.
Stake will continue to challenge traditional banks and brokers on investing costs after closing a $3.5 million funding round to expand its base.
It is understood GBST’s board flipped its recommendation over the weekend and signed a new takeover agreement for the Australian fintech company with FNZ.
A Sydney fintech billing itself as the “Afterpay for legal fees” has seen its share price more than double on its first day on the ASX.