Nasdaq on the Run to Issue Shares Using the Bitcoin Technology
Earlier this year, Nasdaq joined a clutch of companies seeking to adapt Blockchain for mainstream finance, stating it would leverage blockchain technology as part of an enterprise-wide initiative. Now Nasdaq reveals it is signing a partnering with the infrastructure provider Chain to use blockchain, the ledger behind the bitcoin digital currency. The stock market operator is partnering with infrastructure provider Chain to use Blockchain to issue and transfer the shares of privately held companies. Blockchain is the ledger that drives the Bitcoin digital currency. Chief Executive Officer....
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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:
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....
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....
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....
NEW YORK — Nasdaq (Nasdaq:NDAQ) has recently announced that it has issued shares of the company Chain over its blockchain-based private market, Linq. The issuers were “able to use Nasdaq Linq blockchain ledger technology to successfully complete and record a private securities transaction.” This feat, the company explains, is a first of its kind using....