Tuesday, October 7, 2025

Latest

Nasdaq Launches Digital Assets Business To Provide Institutional Crypto Custody Service

On Tuesday, Nasdaq (NASDAQ: NDAQ), the United States’ second-largest stock market operator, announced the launch of ‘Nasdaq Digital Assets,’ a new business that will run the company’s digital asset ecosystem. 

The new unit aims to enable broader institutional participation by providing institutional-grade solutions that focus on enhanced custody, liquidity, and integrity. 

“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,” said Adena Friedman, President and Chief Executive Officer of Nasdaq.

For the unit’s first offering, it will initially develop an advanced crypto custody solution that will “incorporate liquidity and execution services to address industry challenges around connectivity, availability, and efficiency.” According to Nasdaq, the offering is still subject to regulatory approval in applicable jurisdictions.

The solution isn’t new or groundbreaking in the crypto space, but it is a very profitable market. Paris-based Legder was valued at $1.5 billion in June of last year. Anchorage Digital, which touts itself as the first federally chartered digital asset bank, had a valuation of $3 billion in December.

The new unit will be led by Ira Auerbach, Senior Vice President, Head of Digital Assets, overseeing the team’s strategic roadmap, growth targets, and product development. He joins Nasdaq from Gemini where he was most recently Global Head of Gemini Prime, the crypto platform’s prime brokerage services.


Information for this briefing was found via Nasdaq, Bloomberg, and the sources and companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

SEC Sues BKCoin For $100 Million Fraud Scheme & Ponzi-Like Payments – And Silvergate Is Involved

In its ongoing crackdown on the crypto space, the Securities and Exchange Commission has focused...

Tuesday, March 7, 2023, 10:46:00 AM

Three Arrows Capital: Is The Crypto-Based Hedge Fund Headed Towards Insolvency?

The cryptosphere can’t seem to catch a break. This week, Singapore-based Three Arrows Capital or...

Thursday, June 16, 2022, 02:00:00 PM

Are the Bank Failures Driving Crypto?

The recent failures of three US banks, Signature Bank, Silicon Valley Bank, and more recently,...

Wednesday, May 3, 2023, 03:55:00 PM

President Biden’s Executive Order on Cryptocurrencies Holds Risk for Bitcoin Miners

On March 9, U.S. President Joe Biden signed an executive order which calls for the...

Monday, March 14, 2022, 03:40:00 PM

Trump’s New Crypto Project Already Sounds Like A Disaster

Former US President and current Republican nominee Donald Trump’s sudden embrace of cryptocurrency with World...

Wednesday, September 4, 2024, 02:23:00 PM