Nasdaq plans to launch a cryptocurrency custody platform aimed at institutional investors by the end of the second quarter. This was stated by senior vice president and head of Nasdaq Digital Assets Ira Auerbach, writes Bloomberg.
Initially, the exchange will focus on storing bitcoin and Ethereum.
According to Auerbach, the initiative will be the first step in promoting digital assets. In the future, the execution of transactions will be added to the line of services.
Currently, the exchange is focused on deploying technical infrastructure and obtaining regulatory licenses.
In September 2022, the media reported on the formation of a Nasdaq team to develop a solution for storing cryptocurrencies. The platform applied for NYDFS to obtain the appropriate license.
Earlier, BNY Mellon received approval from the regulator to launch a crypto-custodial service.
Recall that in May 2022, Brazil’s largest broker XP Inc, in cooperation with Nasdaq, announced plans to launch a platform for trading digital assets XTAGE.
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