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Following its merger with buy now pay later firm Afterpay, Jack Dorsey’s Block will list on the Australian Securities Exchange on January 20 The move marks a significant first for a crypto-related company to be listed in the country and paves the way for similar companies to feature on the ASX, according to the exchange’s Group Executive of Listings The newly merged Block, formerly Jack Dorsey’s Square (SQ), and buy now pay later firm Afterpay is expected to begin trading on the Australian Securities Exchange (ASX) later this month, marking a major first in the bourse’s history to list a cryptocurrency-related company.

Caroline Bowler, CEO of Australian crypto exchange BTC Markets, told Blockworks the move was welcome news for the ASX and the Australian blockchain community.

This is an opportunity for the exchange to become a real powerhouse in the sector.” Max Cunningham, Group Executive of Listings at the ASX told the Sydney Morning Herald on Wednesday, the exchange was establishing a framework for other companies backed by blockchain to debut by the middle of this year.

“We are moving on it and our goal is to bring investment-grade opportunities in various crypto asset classes to the ASX in the coming months and years,” said Cunningham.