Nasdaq Uses the Blockchain Technology to Settle Shares of Chain.com
Nasdaq, the world’s second-largest stock exchange in the world has utilized its Nasdaq Linq blockchain ledger technology to settle a private securities transaction of established blockchain software developer and infrastructure provider Chain.com. We believe this successful transaction marks a major advance in the global financial sector and represents a seminal moment in the application of blockchain technology,” announced Nasdaq CEO Bob Greifeld. “Through this initial application of blockchain technology, we begin a process that could revolutionize the core of capital markets....
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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....
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....
"This isn't about PR for Nasdaq." So explains Adam Ludwin, founder and CEO of Chain, the blockchain technology startup that has been in dialogue with American stock exchange and trading technology specialist Nasdaq for the past year. Yesterday's announcement that Nasdaq would be testing the blockchain for its pre-IPO exchange Nasdaq Private Market with Chain, Ludwin said, was simply the first joint announcement between two companies that have developed a close working relationship. But, while other tech companies like Microsoft and Dell have made big entrances into the industry only to....
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....
Overstock has confirmed that Nasdaq is not using its tØ blockchain platform to clear trades. Rumours suggesting that Nasdaq - which unveiled its own blockchain-based platform last week - was using the online retailer's blockchain platform to settle trades first surfaced on Reddit earlier today. However, a representative from Overstock told CoinDesk: "That thread is completely mistaken. NASDAQ is doing something similar to, but not using our platform." First announced in May, Nasdaq Linq will facilitate the transfers and sale of stock in private companies. The product is currently being....