Nasdaq To Revolutionize Crypto Tech For Fostering Carbon Markets Development

Nasdaq, an American stock market simplifying electronic securities trading, appears to be setting its sights on leveraging a technology it curated earlier. The technology, curated for the American stock market to venture into the crypto landscape, initially came as an effort to broaden Nasdaq’s reach into emerging markets.

However, with the suspension of the tech’s launch earlier this year, Nasdaq is now reinstating the launch with hopes of capitalizing markets. Furthermore, Tal Cohen, co-president of Nasdaq, jacks up the upcoming launch, stressing how the tech now encompasses not only digital assets but markets like carbon as well.

Nasdaq Tech Eyes Carbon Markets

With the announcement of the redeployment of Nasdaq’s crypto tech, the electronic marketplace now aims to attract more clients globally. Moreover, to entice users toward new assets such as carbon, the platform is embarking on launching the latest tech as a technology service.

Furthermore, according to Tal Cohen, the marketplace aims for an institutional-grade, comprehensive technology platform that envisions steering not just digital assets but also emerging markets such as carbon.

Besides, Nasdaq, accompanied by numerous other vital financial institutions, appears to have taken a step back from their crypto ambitions. This comes as a result of regulators’ approach within the U.S. cryptocurrency landscape to distance the country’s financial system from digital assets.

Moreover, Nasdaq earlier proclaimed that the firm plans to advance with its technology for managing cryptos on behalf of its clients, despite the halting of ventures orbiting the sanction of a business license. Earlier this year, Nasdaq also announced plans to call off its crypto custody services, fueling speculations within the crypto realm.

Also read: Crypto Market On Edge With FOMC Meeting In Focus, What To Expect?

Nasdaq To Attract Users Globally

The U.S. exchange operators seem to be reaping significant rewards as startups within the U.K. opt to go public in New York rather than London.

Moreover, Cohen shed light on his views, spotlighting that the firm is open to collaborating with lawmakers to enhance the region’s appeal for such listings. He further stresses structural challenges in Europe, including tax complexities and stringent regulations, portraying a willingness to engage in discussions to offer aid in addressing regulatory issues.

This marks as a significant milestone for the marketplace as it comes amid regulatory scrutiny across the global crypto realm. With its openness toward regulatory evolution, Nasdaq caught noteworthy attention globally.

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