The Australian Securities and Investments Commission appoints an expert panel to investigate the ASX's failed blockchain project worth over $160 million

ChainCatcher news, according to Decrypt, the Australian Securities and Investments Commission (ASIC) has appointed a panel of three experts to investigate the Australian Securities Exchange (ASX).

The investigation was prompted by ASX's abandonment of its seven-year, $163.1 million blockchain project, which aimed to replace its CHESS clearing system. The panel, led by veteran banker Rob Whitfield, is required to submit a report to ASIC by March 31 of next year.