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 <p class="is-style-lead">Nasdaq Inc. is adapting its previously developed <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency technology to offer an institutional-grade platform for various asset markets, including digital assets and carbon trading.</p>
 <p>After halting its U.S. cryptocurrency custodian business launch in July, Nasdaq continues to develop technology for tokenized assets.</p>
 <p>In a Bloomberg Television interview, Nasdaq co-president Tal Cohen revealed plans to introduce this technology as a comprehensive service. This pivot aims to offer an institutional-grade platform supporting digital assets and markets like carbon trading.</p>
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    <p lang="en" dir="ltr">Tal Cohen, co-president of Nasdaq, said in an interview with Bloomberg that <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> technology will be reused to attract more customers to pay attention to emerging assets such as carbon assets. Nasdaq previously suspended the launch of its digital asset custody business in July…</p>— Wu Blockchain (@WuBlockchain) December 13, 2023
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 <p>This shift comes as mainstream <a rel="noopener noreferrer nofollow" title="financial" href="https://thebittimes.com/tag/financial.html">financial</a> institutions, including Nasdaq, reassess their involvement in digital assets amid increasing regulatory scrutiny. Despite stepping back from directly engaging in <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency-related businesses, Nasdaq maintains its focus on developing technology to manage <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> assets for clients.</p>
 <p>Nasdaq’s decision aligns with broader trends in <a rel="noopener noreferrer nofollow" title="financial" href="https://thebittimes.com/tag/financial.html">financial</a> markets. For instance, U.K.-based firms, like Arm Holdings, are increasingly choosing U.S. markets, particularly Nasdaq, for significant public offerings, as seen in one of 2023’s largest share sales.</p>
 <p>Addressing the European market, Cohen expressed Nasdaq’s readiness to collaborate with European lawmakers. He highlighted challenges such as complex tax regimes and regulations, advocating for changes to make Europe more appealing for listings.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/nasdaq-repurposes-crypto-tech-for-wider-financial-service-uses-tbt73593.html">https://thebittimes.com/nasdaq-repurposes-crypto-tech-for-wider-financial-service-uses-tbt73593.html</a></p>

Nasdaq repurposes crypto tech for wider financial service uses

TheBitTimes

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