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Latest News  + Alternative Assets  + Blockchain  + Crypto  + Financial Advisory  + Markets  | 
Nasdaq is set to launch Nasdaq Digital Assets, a new business that intends to offer a proprietary digital custody solution

Nasdaq to Launch New Digital Assets Business 

Nasdaq is set to launch Nasdaq Digital Assets, a new business that intends to offer a proprietary digital custody solution as well as institutional liquidity and execution services. 

Pending approval by the New York Department of Financial Services, Nasdaq will become a custodian of digital assets, directly competing with centralized crypto giants including Coinbase, Anchorage Digital and BitGo. 

Nasdaq says its custody solution will combine the best of hot and cold crypto wallets, which translates into accessibility for both trading and as well as staking. 

“The technology that underpins the digital asset ecosystem has the potential to transform markets over the long-term. To deliver on that opportunity, our focus will be to provide institutional-grade solutions that bring greater liquidity, integrity, and transparency to support the evolution,” Adena Friedman, president and CEO of Nasdaq, said. 

Nasdaq has made various investments in the crypto markets and institutional sector.  It was an investor in enterprise blockchain firm Symbiont and is the first non-bank participant in Fnality, the institutional settlement platform that uses tokens backed by central bank money.

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About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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