According to the posting the future digital asset manager for LSEG will be helping the company outline and deploy a commercial strategy for “a suite of new infrastructure solutions and capabilities, as well as developing LSEG’s brand and ecosystem in digital private markets.”
A representative from LSEG told Cointelegraph that it could not provide any further details on the development at the time.
This latest development after the London Stock Exchange announced that it will create a traditional assets trading platform using blockchain technology. On Sept. 4, the legacy financial institution said it plans to use the technology to enhance the efficiency of holding, buying and selling traditional assets.
However, Murray Roos, the LSE Group’s head of capital markets, said at the time that it would not be building anything around cryptocurrencies.
The United Kingdom has been cracking down on its local crypto scene after passing a bill allowing authorities to seize Bitcoin (BTC) used for crime and announced plans for upcoming stablecoin regulations in October.