June 23 (Cointime) - Digital Asset, the New York-based firm that was working with the Australian Securities Exchange (ASX) on a blockchain-based clearing system, has accused the ASX of dropping the project. The ASX has responded by saying that Digital Asset's claims are misleading.

The ASX had been working on the project for seven years, but announced in May that it was abandoning the upgrade and would look at more conventional technology. Digital Asset co-founder Eric Saraniecki said that the ASX was unwilling to hand over important test data and was telling the firm to preserve antiquated elements of the old system.