NASDAQ to Support Development of Digital Currency Marketplace
In an impressive vote of confidence, NASDAQ, the world's second-largest stock exchange after the New York Stock Exchange, has begun development on a new global exchange for Bitcoin and other digital currencies. NASDAQ signs deal with a Bitcoin startup. Nasdaq OMX Group Inc., which owns NASDAQ, has agreed to provide New York-based Bitcoin startup Noble Markets with the core technology to power the new digital marketplace. The focus of this endeavor is to allow companies and institutional investors such as hedge funds to trade bitcoin and related digital-currency assets. Nasdaq's innovative....
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Major American stock exchange Nasdaq has announced a first-of-its-kind partnership with bitcoin startup Noble Markets. As part of the deal, Noble will utilize Nasdaq's X-stream technology upon its formal launch, joining the 30 global marketplace that currently use the multi-asset trading platform. Led by founder and CEO John Betts, Noble Markets boasts a team with experience at traditional financial giants such as Goldman Sachs, Morgan Stanley, Merrill Lynch and UBS. Perhaps best known in the bitcoin community as one of the investors and organisers behind the campaign SaveGox.com, Betts....
Nasdaq hasn't been around Bitcoin's Block Chain very long, but they like what they see and are moving to integrate fully with its innovations. The new technology the block chain provides intrigues Nasdaq enough to begin a larger integration with their product portfolio, and the ability to make new offerings for their clientele. In the second half of 2015, this will allow Nasdaq to create a block chain-enabled digital ledger program for the expansion and enhancement of the Nasdaq Private Market platform. NASDAQ Expands Use of Bitcoin's Block Chain Technology. Their implementation of the....
Nasdaq has partnered with San Francisco-based bitcoin API startup Chain to implement the Bitcoin blockchain technology in its newly launched marketplace, Nasdaq Private Market. Previously reported by Bitcoin Magazine, Nasdaq announced its plans to implement Bitcoin's blokchain technology into its pilot test, where shares of private companies are handled and traded as smart assets on the blockchain. Unlike other decentralized asset trading platforms, Nasdaq plans to utilize the colored coin protocol Open Assets based on the Bitcoin blockchain instead of developing an alternative blockchain....
Nasdaq OMX Group Inc is reportedly exploring how a blockchain-based solution could change the way shares are transferred and sold manually. The company will trial the technology in Nasdaq Private Market, a capital marketplace launched in January 2014, which sets out to connect private companies and global investors, allowing the latter to purchase shares which may eventually go public before they do so. Nasdaq chief executive Robert Greifeld told The Wall Street Journal:
On May 11, the leading stock exchange Nasdaq announced that it would begin experimenting with the blockchain technology that powers Bitcoin. The Wall Street Journal reported that Nasdaq will start with a pilot project in Nasdaq Private Market, a recently launched marketplace that handles pre-IPO trading among private companies. "Utilizing the blockchain is a natural digital evolution for managing physical securities," said Nasdaq CEO Bob Greifeld in the announcement. Speaking with The Financial Times, Greifeld noted that he wants Nasdaq to be "a leader in the field." He added that the....