Nasdaq last week launched a new venture called Nasdaq Digital Assets, which will power the digital asset ecosystem and help facilitate broader institutional participation in digital assets.
“Nasdaq Digital Assets builds on the successful solutions we have introduced in recent years to serve the digital asset ecosystem, including marketplace technology for digital asset exchanges, crypto-native anti-financial crime offerings and crypto-related index solutions for tradable products,” Adena Friedman, President and CEO of Nasdaq, said. “The technology that underpins the digital asset ecosystem has the potential to transform markets in the long term. To seize this opportunity, our focus will be on providing institutional-grade solutions that bring greater liquidity, integrity and transparency to support evolution.
Nasdaq Digital Assets will develop an advanced custody solution that will integrate liquidity and execution services to address connectivity, availability and efficiency challenges. It will bring together the best attributes of hot and cold crypto wallets through an innovative technology offering. The offer is subject to regulatory approval in applicable jurisdictions.
“Demand from institutional investors to engage in digital assets has grown in recent years, and Nasdaq is well positioned to accelerate broader adoption and drive sustainable growth,” said Tal Cohen, head of North American markets. at the Nasdaq. “With our trusted brand and strong track record as a technology provider for global financial markets, Nasdaq is uniquely positioned to address industry challenges by improving liquidity, scalability and resilience, with the goal of drive greater trust in digital assets. ecosystem “.
Nasdaq Digital Assets will be led by Ira Auerbach, who joined Nasdaq from Gemini, where he was the global head of Gemini Prime, the crypto platform’s leading brokerage services.
Additionally, Nasdaq has expanded its anti-financial crime technology with new capabilities and coverage for the cryptocurrency ecosystem. Through its Verafin and Surveillance product offerings, Nasdaq has launched a suite of crypto-specific detection capabilities to continuously monitor anti-money laundering, fraud detection and market abuse on traditional assets. and digital.
“Our expanded suite of financial crime solutions reinforces our commitment to protecting the integrity of the financial system,” said Jamie King, chief financial crime officer at Nasdaq. “As the world of digital assets evolves and converges with traditional finance, it is crucial to provide the necessary portfolio of technology solutions designed to protect participants in the financial ecosystem.”