The American stock exchange operator Nasdaq is exploring a possibility of launching a platform for tokens with securities characteristics, The Block reports citing its own source familiar with the situation.
It is assumed that the security tokens included in the listing of the new platform will comply with the current U.S. law. According to the source, the new platform will release tokenized assets and provide an opportunity to trade them. Nasdaq is likely to compete with projects like Polymath, tZero, and TrustToken. The Nasdaq project is currently in the process of negotiation. Among potential partners, there is a blockchain-based startup company Symbiont that specializes in smart contracts. Symbiont previously received investments from Alibaba’s head Jack Ma.
Recently, the exchange operator has released a beta version of a tool for analyzing and forecasting digital currency rates. Nasdaq said they decided to add data on cryptocurrencies to the analytical hub due to the strong interest in digital assets in the market.
Earlier at the end of September, Nasdaq has made an announcement regarding the future acquisition of Cinnober, a Swedish stock exchange technology firm that has a positive outlook on crypto, and has been attempting to make investments into digital assets easier.
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