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Nasdaq would like to be a blockchain tech disruptor – Ledger Insights

In an interview with Fortune magazine, Nasdaq CEO Adena Friedman outlined how the firm embraces blockchain technologies. Nasdaq’s ‘Market Technology’ division that sells remedies to other exchanges is at the moment utilised by at the very least 9 crypto exchanges. 

Friedman credited its know-how for encouraging to weed out the marketplace manipulation that is usually a function of crypto marketplaces.

Having said that, Friedman made it apparent there are limits. “The crypto trading know-how today is just not in a situation to be ready to support the level of trading action that we expertise in the equities and solutions marketplaces. We’re working with 3 million messages a next, 62 billion messages in an eight-hour period,” she said. 

Friedman continued, “Over the following 10 years, there will be a higher knowledge of how we can make the marketplaces far more effective and effective making use of the blockchain. We’re actually centered on how we can provide this engineering into the markets and be a disrupter ourselves.”

Back again in April 2020, the Current market Engineering division introduced it would adopt R3’s enterprise blockchain Corda for tokenized property. Far more not long ago, Electronic Asset signed a offer with Nasdaq to integrate its intelligent deal language Daml with its Nasdaq Market Expert services Platform.

Nasdaq is just one of the founders of the InterWork Alliance, a physique backed by the likes of Microsoft and Accenture for location token requirements. Also, Nasdaq is the only non-bank investor in Fnality, formerly regarded as the Utility Settlement Coin. Fnality is the institutional settlement token that aims to help actual-time on-chain settlement using tokens backed by central financial institution deposits. 

Furthermore, Nasdaq is an trader in Symbiont, which is establishing various blockchain money markets answers and offers partners these types of as Vanguard, BNY Mellon, Citi and State Road.

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