The additional delay comes just six weeks after ASX CEO Dominic Stevens provided assurances the project was on track, as he announced he would be leaving the exchange when a replacement is found to allow a new boss to take the reins as the blockchain technology went live to settle the market.
A software update - version 1.3 - originally expected at the end of April will now be delivered by Digital Asset in July. ASX did not provide reasons for the three-month delay. ASX said it will be working with the market “to assess the flow-on impacts to project milestones, industry testing, operational readiness and implementation, migration dress rehearsals and the go-live date”.
The economy-critical project has been plagued by delays and the senior executive overseeing it, former deputy CEO Peter Hiom, resigned from ASX last year.
Nobody could have predicted this 🤡🤡🤡