The management of the Nasdaq stock exchange plans to release a platform for institutional investors. It will provide services for the storage of cryptocurrencies.
Last fall, it became known that a division of the exchange specializing in digital assets is working on the creation of such a service.
At the end of last week, Bloomberg reported that Nasdaq management is indeed considering options for creating such a platform. According to the agency, the platform should appear by the end of the second quarter of 2023.
The Stock Exchange has applied to the New York City Department of Financial Services to form a limited liability trust company. The head of Nasdaq Digital Assets, Ira Auerbach, confirmed to reporters that the exchange is awaiting regulatory approval.
In addition, the top manager emphasized that Nasdaq specialists are working to create the technical infrastructure necessary for operations with digital currencies.
Thus, the exchange will join such financial giants as BNY Mellon and Fidelity, which already offer custodial services to institutional investors.
