According to the latest reports, it seems that the Nasdaq crypto crystallizing launch is coming soon. Check out the latest reports about this.
NASDAQ to launch crypto custody
It’s been just revealed by Blockworks the fact that Nasdaq’s hotly anticipated crypto custody suite is taking shape, with a launch reportedly expected before the end of Q2.
Bloomberg reported this week the fact that Nasdaq Inc., which is the parent company of the US tech-heavy stock exchange, is “pushing ahead to get all the necessary technical infrastructure and regulatory approvals in place.”
Bloomberg cited an interview with Ira Auerbach senior vice president and head of Nasdaq Digital Assets, in reporting the news.
Nasdaq has first made its digital asset ambitions known in September 2022, as previously reported by Blockworks, when its president and chief executive, Adena Friedman, then said in a statement that the “technology that underpins the digital asset ecosystem has the potential to transform markets over the long-term.”
“To deliver on that opportunity, our focus will be to provide institutional-grade solutions that bring greater liquidity, integrity, and transparency to support the evolution,” she said in a statement at the time.
Make sure to check out the complete article in order to learn more about this.
Back in September, we revealed the fact that the second-largest stock exchange in the world is getting ready to offer crypto custody services to institutional investors.
According to a new report by Bloomberg, Nasdaq, the world-famous New York-based stock exchange, is going to offer Bitcoin (BTC) and Ethereum (ETH) to blue-chip investors. The important entity also has plans to expand.
The report said that NASDAQ has hired Ira Auerbach, a former executive of crypto exchange Gemini, as head of the new Nasdaq Digital Assets unit.
Auerbach stated the following:
“We believe this next wave of the revolution is going to be driven by mass institutional adoption. I can think of no better place to bring that trust and brand to the market than Nasdaq.”