Nasdaq Plans To Launch Crypto Custody By The End Of Q2 2023

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Last Updated on March 25, 2023 by Bitfinsider

In a Paris interview, Ira Auerbach, senior vice president and director of Nasdaq Digital Assets, stated that Nasdaq is working hard to ensure that all technical infrastructure and regulatory approvals are in place. To oversee its new venture, the global exchange group has already filed to the New York Department of Financial Services for a limited-purpose trust company charter.

Auerbach stated that storing Bitcoin and Ether is only the first step in developing different services for Nasdaq’s digital asset division. He went on to say that the company would ultimately like to include financial institution execution.

Nasdaq announced plans to start the crypto service in September, emphasising that it would collaborate with crypto exchanges to facilitate more efficient trading of Bitcoin and Ether.

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