Nasdaq repurposes crypto tech for wider financial service uses
Nasdaq Inc. is adapting its previously developed crypto currency technology to offer an institutional-grade platform for various asset markets, including digital assets and carbon trading. After halting its U.S. cryptocurrency custodian business launch in July, Nasdaq continues to develop technology for tokenized assets. In a Bloomberg Television interview, Nasdaq co-president Tal Cohen revealed plans to introduce this technology as a comprehensive service. This pivot aims to offer an institutional-grade platform supporting digital assets and markets like carbon trading. Tal Cohen, co-president of Nasdaq, said in an interview with Bloomberg that crypto technology will be reused to attract more customers to pay attention to emerging assets such as carbon assets. Nasdaq previously suspended the launch of its digital asset custody business in July… — Wu Blockchain (@WuBlockchain) December 13, 2023 You might also like: Bitcoin is a distinct asset class, diverges with go...