- Nasdaq is repurposing its cryptocurrency technology for carbon markets and a huge selection of emerging sources, offering an institutional-grade platform as a substitute of a custodian service because of regulatory constraints
- Despite halting its digital asset license pursuit, Nasdaq continues constructing cryptotech for customers.
- US alternate operators revenue from UK startups itemizing in NY as a substitute of LDN, and Nasdaq is inaugurate to participating with lawmakers to love the gap extra dazzling for listings, as Europe’s structural issues hinder listings.
Nasdaq Charts Original Course with Repurposed Tech
Nasdaq, the leading inventory alternate operator, is decided to repurpose the technology it developed for its deserted cryptocurrency custodian enterprise in the US to love better into new emerging markets.
“We’re restful going to begin it but we’re going to begin it as a technology service,”
Tal Cohen
The corporate’s co-president, Tal Cohen, revealed in an interview with Bloomberg Tv that Nasdaq would start the technology service as a substitute of pursuing a license for the digital asset enterprise because of regulatory pressures. The switch is aimed at attracting extra customers to new sources, a lot like carbon.
Growth Plans in Carbon Markets
Nasdaq’s decision to repurpose its crypto tech for new markets comes as the corporate looks to love better into carbon markets. Cohen said that Nasdaq’s institutional-grade stop-to-stop technology platform would vitality no longer only digital sources but also markets fancy carbon. The switch is piece of Nasdaq’s efforts to preserve earlier than the curve in emerging markets and provide its customers with a aggressive edge.
Tal Cohen, has called on lawmakers to love Original York a extra dazzling vacation space for listings by UK startups. Cohen cited structural issues in Europe, including tax regimes, onerous rules, and fragmentation, as main boundaries to itemizing in London.
“In Europe, I guess you’re facing structural issues around tax regimes, onerous rules, lots of fragmentation, complexity,”
Nasdaq has benefited from UK startups selecting to debut on public markets in Original York as a substitute of London, and Cohen’s call to lawmakers is piece of the corporate’s efforts to preserve its market piece and entice extra customers.
Mustafa Mulla
Mustafa has been writing about Blockchain and crypto since decades. He has outdated trading skills and has been working in the Fintech alternate since 2017.
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