Nasdaq Halts Plan to Launch Crypto-Custodian Business in US
- No longer pursues license due to regulatory environment shift
- Exchange-operator still committed to digital assets ecosystem
Nasdaq Inc. became the latest mainstream financial firm to take a step back from digital assets, aborting its launch of a custodian business in the US due to the shifting business and regulatory environment.
The exchange operator is also halting its efforts to pursue a license related to the business but will continue to build out its technology to handle crypto for clients.