LUXEMBOURG STOCK EXCHANGE
Luxembourg Stock Exchange introduces blockchain into reporting service
Decentralised public blockchain Ethereum will provide “digital signature” on all documents publicly disclosed by issuers; new functionality will enhance security for issuers and transparency of LuxSE’s certification service.
The Luxembourg Stock Exchange (LuxSE) allows issuers, or their representatives, to file documents containing regulated information via an Officially Appointed Mechanism (OAM). These documents are centrally archived and accessible to the general public on the LuxSE website.
LuxSE has now added an extra layer of security into the certification process with the introduction of a ‘digital signature’ using Ethereum’s blockchain technology. This new functionality is already active and available with no supplementary fees.
Commenting on the new service, Bernard Simon, Chief Information Officer at LuxSE, said: “Blockchain certification is an effective way to record the proof of existence of a document. Its continuous revalidation process makes it virtually impossible to spoof.”
Ethereum is a decentralised platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. By introducing Ethereum’s blockchain technology into the certification process, LuxSE is providing a "digital signature" that will ensure authenticity and proof of existence of all documents filed in the OAM.
Mr. Bernard Simon added: “By combining the security benefits of the blockchain with the electronic signature of the certification authority, LuxSE is able to create a highly secure and reliable decentralised infrastructure to store information relating to the “proof of existence” of such documents indefinitely.”
For more information about the use of blockchain in our OAM service, read the Frequently Asked Questions section on our website.
With 40,000 listed securities, including some 26,000 bonds, from 3,000 issuers in 100 countries, LuxSE is the world’s number one exchange for the listing of international securities and offers a unique full service throughout listing, trading and reporting. LuxSE operates two markets: an EU regulated market (“Bourse de Luxembourg”) and an exchange-regulated market (“Euro MTF”). All securities are tradable on Euronext’s UTP platform. LuxSE also operates a specialist subsidiary, Fundsquare, which provides services to substantially support and standardise cross-border distribution of investment funds.
More information on www.bourse.lu