# Distributed Ledger Technology

Type: Technology

Source: Legal & RegTech Intelligence Brief — https://getlegalbrief.com/entity/distributed-ledger-technology
Canonical HTML page: https://getlegalbrief.com/entity/distributed-ledger-technology

## Timeline

- **2026-06-15**: ASX agrees to A$20.5m penalty — ASX and ASIC announced a settlement, with ASX admitting misleading conduct and agreeing to pay penalty plus costs, pending Federal Court approval.
- **2022-11**: ASX scraps CHESS project — The project was cancelled entirely, and ASX wrote off costs between A$245 million and A$255 million.
- **2022-03**: ASX flags likely delay — Six weeks later, ASX announced a strong likelihood that the project's go-live date would be delayed.
- **2022-02**: ASX states CHESS project 'progressing well' — ASX told investors the upgrade of its clearing system using distributed ledger technology was on track.

## Recent coverage (1 stories)

### ASX's $20.5M penalty sets landmark for market disclosure failures
2026-06-15 10:48:43 · Sentiment: Negative · Impact: 7/10 · Sources: 2

ASX's admission of a misleading statement and $20.5M penalty highlights ASIC's aggressive enforcement and the legal consequences for market operators. The settlement avoids a trial but sets a significant precedent for corporate disclosure obligations.
Full story: https://getlegalbrief.com/story/asx-20-5m-penalty-landmark-disclosure

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