The first chief digital officer of TMX Group Ltd’s Toronto Stock Exchange (TSX) has left the organization to devote more time to his venture based on blockchain, the technology behind the bitcoin cryptocurrency, the executive said on Monday.
Anthony Di Iorio, founder of the Bitcoin Alliance of Canada and a co-founder of Ethereum, a blockchain-based computing platform, was hired by Canada’s largest stock exchange in January.
He left in September to focus on Jaxx, a universal “wallet” for holding cryptocurrencies and “tokens” that facilitate transactions in blockchain-based applications, Di Iorio said in a phone interview.
Di Iorio’s hire at TSX came as stock exchanges were embracing blockchain, which allows Bitcoin users to conduct secure transactions without middlemen, as they seek to diversify and boost profit margins. When used to issue securities, the technology could potentially remove the need for clearing houses.
Jean Desgagne, chief executive of TMX’s Global Enterprise Services, said in March the technology could make operations “better, faster, cheaper.”
At the time, he declined to discuss specific potential uses TSX may have for blockchain, a matter that