.Nasdaq is aiming to debut its crypto custody services by the end of Q2. $NDAQ By JamieCrawleyCD
The stock market exchange operator's senior vice president and head of digital assets Ira Auerbach said that the firm is working on getting the necessary infrastructure and regulatory approval in place. Nasdaq applied to the New York Department of Financial Services for a limited-purpose trust company charter which would oversee its custody service.to the demand from institutional crypto investors.
Traditional finance companies such as Nasdaq are looking to fill the gap left by more crypto-centric firms that have shut their doors in recent months, with exchange FTX and banks Silvergate and Signature the most prominent. Should appetite for crypto among the likes of Nasdaq remain strong, it may prove a positive signal for mainstream cryptocurrency adoption.
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