Nasdaq To Use R3's Blockchain Software Corda To Build Institutional Grade Digital Assets
Nasdaq To Use R3’s Blockchain Software Corda To Build Institutional Grade Digital Assets
May 1, 2020
Nasdaq To Use R3's Blockchain Software Corda To Build Institutional Grade Digital Assets
Nasdaq To Use R3’s Blockchain Software Corda To Build Institutional Grade Digital Assets
May 1, 2020

Nasdaq, has entered a partnership with enterprise blockchain solutions platform, R3. On April 29, R3 announced that that Nasdaq will use its blockchain software, Corda, among other services to help financial institutions easily build and deploy institutional-grade digital assets.

It is a long-term, non-exclusive partnership between the two firms, signifying Nasdaq can still collaborate with other blockchain solution providers to work on new projects.

Cathy Minter, Chief Revenue Officer, R3 said:

“Financial institutions are becoming increasingly aware of the huge potential for servicing the needs of digital assets. We can help them accommodate these assets with solutions that are designed for more secure, reliable and regulated environments. Together with Nasdaq we will provide a world-class platform on which digital asset markets can be built, helping to rapidly accelerate the growth of these markets and others around the globe.”

Johan Toll, Head of Digital Assets, Market Technology at Nasdaq added:

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This collaboration between Nasdaq and R3 is another important milestone in Nasdaq’s continuous development of technologies that support the creation and growth of dynamic, trusted digital asset marketplaces. R3’s Corda platform will fit well into Nasdaq’s technology ecosystem and partnership strategy and allow us to harness the power of scalable design and a new level of interoperability.”

Nasdaq, along with R3, plans to bridge the gap between financial institutes and blockchain-based digital asset solutions.

They will help organizations issue tokens and build digital asset marketplaces. They will also support these organizations through various processes such as issuance, trading, settlement, and custody.


Source: Cointelegraph | Image: Unsplash


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