Nasdaq Will Repurpose Tech From Curtailed Crypto Foray

Exchange operator scrapped crypto custody plan this summer
Technology will be redeployed, co-president Cohen says

WATCH: Nasdaq co-President Tal Cohen explains the company’s plans to deploy technology developed for a curtailed foray into cryptocurrencies.Source: Bloomberg

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By Jennifer Surane and Francine Lacqua

December 13, 2023 at 10:06 AM UTC

Updated on

December 13, 2023 at 3:24 PM UTC

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Nasdaq Inc. is planning to repurpose the technology it developed for a curtailed foray into cryptocurrency.

The stock exchange operator, which in July aborted its launch of a custodian business for digital assets in the US, has been building out its technology services related to tokenized assets.