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London Stock Exchange Begins Hunt For Digital Assets Director 4m ago by beincrypto.com

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The London Stock Exchange Group (LSEG) is actively seeking a new director to oversee the digital asset operations within the stock exchange.

“The role will work closely with cross-functional teams across Capital Markets, Post-Trade, and Data & Analytics,” the job posting stated.

LSEG Seeks Director with Connections in the Digital Assets Industry

A job posting on LinkedIn indicates that LSEG is in search of a highly experienced professional in the crypto and digital asset sector to collaborate across diverse markets.

“We are seeking an experienced Director, Digital Asset Lead with deep Financial Services experience to focus on go to market and commercialisation of digital solutions for Private Markets, including Private Funds, Private Equity, and Private Debt.”

The role necessitates someone with an established network in the digital assets industry and the capability to establish strong relationships with key decision-makers.

The posting specifies that the ideal candidate should possess a strong enthusiasm for cryptocurrencies. Furthermore, the candidate should have a basic understanding of blockchain technology and digital assets.

This comes after news that the LSEG is launching a blockchain-based system to trade digital assets.

On September 4, BeInCrypto reported that the new exchange will offer the efficient exchange of digitized stocks and bonds.

Furthermore, Murray Roos, LSEG’s group director, expressed the intention to enhance globalization to enable global participation:

“The ultimate goal is a global platform that allows participants in all jurisdictions, as well as the government and Treasury in the UK…something that isn’t possible in the analog world.”

LSEG Explores the Potential of Artificial Intelligence

Meanwhile, the LSEG is also dipping its hands heavily into artificial intelligence (AI). On August 4, BeInCrypto reported that LSEG plans to create top-quality generative AI models with the assistance of Microsoft.

David Schwimmer, the CEO of the LSEG, emphasized that the developments are still in their initial phases.

“We are having conversations with customers about the opportunity for them to use the vast amount of data we have available, to commingle that with their data in a secure proprietary [manner].”

Meanwhile, the United Kingdom’s prime minister, Rishi Sunak, recently announced his intention not to rush AI regulations in the country.

Sunak holds the belief that insufficiently deliberated AI regulations could potentially result in regrettable mistakes in the future:

“The fast-evolving technology could make it easier to build chemical and biological weapons, perpetrate cyber attacks, spread disinformation, and commit child sexual abuse. In the most extreme cases, humanity could lose control of AI completely.”

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