ASX Blockchain Probe Intensifies as Regulators Appoint Expert Panel

Australian regulators are escalating their investigation into the ASX's failed $164 million blockchain project, assembling a high-profile panel to scrutinize the exchange's management. The Australian Securities and Investments Commission has tapped former central bank deputy governor Guy Debelle alongside Commonwealth Bank director Rob Whitfield and corporate veteran Christine Holman.

The expert group will dissect governance failures, risk management flaws, and operational shortcomings that doomed the ambitious distributed ledger initiative. Their findings, due by March 2026, could reshape Australia's approach to financial market infrastructure modernization.

The ASX has pledged full cooperation, marking a critical juncture for blockchain adoption in traditional finance. While the project's collapse represents a setback, the thorough review may establish clearer guardrails for future institutional crypto ventures.