France to allow blockchain for trading unlisted securities

The French government opened the way on Friday for trading unlisted securities using blockchain digital ledgers with the adoption of new rules aimed at improving Paris' image as acentre for financial innovation.The new rules mean that banks and fintech companies can set up blockchain platforms where unlisted securities can trade instantly, cutting out middlemen like brokers and custodian banks.Securities listed on financial exchanges will still be required to pass through custodians and clearing