Nasdaq Selects Bitcoin Startup Chain to Run Pilot in Private Market Arm
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....
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The leading stock exchange Nasdaq is no newcomer to the brave new world of blockchain technology. In May, Bitcoin Magazine reported that Nasdaq would begin experimenting with the blockchain technology that powers Bitcoin, starting with a pilot project in Nasdaq Private Market, a marketplace that handles pre-IPO trading among private companies. Interestingly, Nasdaq didn't plan to develop an alternative blockchain. Rather, the company said that it would leverage the colored coin protocol Open Assets, which works on the original Bitcoin blockchain. In June, Nasdaq partnered with San....
American stock exchange Nasdaq has named Chain as its official partner for its blockchain-based pilot program. Founded in 2014, Chain is a renowned Californian startup that assists institutions and enterprises in setting up customized blockchain infrastructure. In its short span, the platform has provided its services to a diverse range of sector, including payments, capital markets, telecom, banking, and energy markets. Blockchain, which is an underlying technology of the digital currency Bitcoin, enables these organizations to transfer and store information - money, assets, etc. - on a....
Nasdaq is set to unveil its new blockchain-based platform, which will facilitate share transfers and sales on its private market. The firm's demonstration of the new platform is expected to take place at the Money 20/20 event in Las Vegas today. A company-issued statement said Nasdaq Linq - first announced in May - would include Chain, Change Tip, PeerNova, Synack, Tango and Vera as its first private company clients. Bob Greifeld, Nasdaq CEO, said in a statement: "We are extremely encouraged by the initial demand for Nasdaq Linq from these innovative, first-mover companies, and the....
In an announcement today, Nasdaq revealed the issuance of its client Chain.com’s share to a private investor using the company’s private-market blockchain platform Linq. Calling it a ‘major advance’ in blockchain technology for private companies, a Nasdaq press release has announced the issuance of shares by Chain.com to a private investor using its blockchain-powered trading platform, Linq. The transfer of share represents the first-ever successful private issuance of shares using blockchain technology. The transaction represents a quick leap from launch to operations for Nasdaq’s Linq, a....
Blockchain startup Chain has issued shares to a private investor using Nasdaq’s recently launched private markets blockchain solution, Linq. In statements, Nasdaq called Chain the first company to complete and document a private securities transaction with its Linq technology, a development the company and CEO Bob Greifeld termed a "major advance" for the blockchain industry. For the transaction, Chain used the Linq platform to issue a record of ownership in the company to its new investor, while benefiting from what Nasdaq said was a reduced settlement time. No details were provided on....