“The technology that underpins the digital asset ecosystem has the potential to transform markets over the long-term.”
Nasdaq has launched a digital asset division that underpins the corporate’s ambition to advance and assist facilitate broader institutional participation in digital belongings.
Subject to regulatory approval, Nasdaq Digital Assets will present a proprietary custody answer with liquidity and execution services for institutional members.
Nasdaq appoints ex-Gemini Ira Auerbach as Head of Digital Assets
To that impact, Nasdaq employed Ira Auerbach to guide the crypto-focused enterprise as Senior Vice President, Head of Digital Assets, overseeing the staff’s strategic roadmap, progress targets, and product growth.
Ira Auerbach joins Nasdaq from Gemini, the place he held a number of govt positions throughout product, enterprise growth, and buying and selling, most lately because the Global Head of Gemini Prime, the crypto platform’s prime brokerage services.
The plan is to initially develop a sophisticated custody answer that can incorporate liquidity and execution services to deal with trade challenges round connectivity, availability, and effectivity.
The custody answer will characteristic attributes of scorching and chilly crypto wallets to supply a excessive diploma of accessibility and scalability with out compromising safety.
“Potential to transform markets over the long-term”
Adena Friedman, President and Chief Executive Officer, Nasdaq, mentioned: “Nasdaq Digital Assets builds upon the successful solutions we have introduced in recent years to serve the digital assets ecosystem, including marketplace technology for digital asset exchanges, crypto-native anti-financial crime offerings, and crypto-related index solutions for tradable products. 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.”
Tal Cohen, Executive Vice President and Head of North American Markets, Nasdaq, commented: “Demand among institutional investors for engaging in digital assets has increased in recent years, and Nasdaq is well-positioned to accelerate broader adoption and drive sustainable growth. With our trusted brand and strong track record as a technology provider for the global capital markets, Nasdaq is uniquely placed to address industry pain points by improving liquidity, scalability, and resiliency, with the goal to engender greater trust and confidence in the digital assets ecosystem.”
Nasdaq launches anti-financial crime options for crypto
As a part of its incursion into digital belongings, Nasdaq has expanded anti-financial crime know-how capabilities to cowl the crypto ecosystem by means of its Verafin and Surveillance product choices.
Nasdaq has launched a complete suite of crypto-specific detection capabilities to successfully mitigate dangers and present steady monitoring of anti-money laundering, fraud detection, and market abuse throughout conventional and digital belongings, fiat and crypto, and on- and off-chain actions.
Jamie King, Executive Vice President, Head of Anti-Financial Crime, Nasdaq, mentioned: “Our expanded suite of anti-financial crime solutions reinforces our commitment to protecting the integrity of the financial system. As the world of digital assets evolves and converges with traditional finance, it is crucial to provide the necessary portfolio of technology solutions designed to safeguard participants across the financial ecosystem.”