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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...

Multinational banking giant Standard Chartered has begun offering exchange services for the digital yuan, helping to integrate China’s CBDC into the global financial system. Standard Chartered, a major multinational bank, has recently entered the growing realm of digital currencies by providing exchange services for China’s central bank digital currency (CBDC), the digital yuan. This strategic move aligns the bank with the evolving landscape of global finance, particularly in embracing a state-backed digital currency. Collaborating with City Bank Clearing Services, Standard Chartered’s chinese division is facilitating access to the digital yuan’s interconnection platform. This service encompasses both the recharge and redemption functions, enhancing customer interaction with this novel digital currency. You might also like: Standard Chartered predicts Bitcoin’s future value China’s digital yuan, also known as e-CNY, has been a front-runner in the...

Fireblocks launched a non-custodial wallet-as-a-service aimed at catering to businesses across various sectors, reflecting a broader industry trend towards user-controlled digital assets. Fireblocks introduced a non-custodial wallet-as-a-service (WaaS) tailored for various sectors, including brands, corporates, fintechs, and web3 businesses today, Sept. 11. This development is noteworthy as it reflects a larger industry trend toward user-controlled assets, particularly in light of challenges faced by centralized platforms like FTX. The non-custodial wallet is designed to work across multiple platforms, including iOS, Android, and web browsers, facilitated by a software development kit. While there is a growing interest in defi, non-fungible tokens (NFTs), and native web3 functionalities among fintechs and brands, these innovations come with their own sets of challenges, specifically around security and compliance. Issues such as the loss of seed phrases and vulnerabilities in multi...