Nasdaq Adapts Cryptocurrency Technology for Institutional Asset Markets

Nasdaq Adapts Cryptocurrency Technology for Institutional Asset Markets



Nasdaq Inc. is repurposing its previously developed cryptocurrency technology to create a high-quality platform suitable for various asset markets, including digital assets and carbon trading. Despite suspending its plans to launch a U.S. cryptocurrency custodian business in July, Nasdaq is actively advancing its technology for tokenized assets.



During an interview on Bloomberg Television, Nasdaq's co-president, Tal Cohen, unveiled intentions to present this technology as a comprehensive service. This strategic shift aims to provide an institutional-grade platform that supports digital assets and markets like carbon trading. This change in direction is in response to the increased regulatory scrutiny that mainstream financial institutions, including Nasdaq, are facing in their involvement with digital assets. Nevertheless, Nasdaq


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