Nasdaq Inc., one of the world’s leading financial institutions and the company behind the popular Nasdaq Stock Exchange, plans to start offering crypto custody services by the end of the second quarter of 2023.
According to a Friday report by Bloomberg, this development was revealed by Senior Vice President and Nasdaq Head of Digital Assets Ira Auerbach during an interview at the ongoing Blockchain Week Summit in Paris.
Bloomberg further reports that Nasdaq is currently in the process of obtaining all required technical infrastructure and approvals from respective regulatory bodies.
To that effect, the U.S.-based financial firm has approached the New York Department of Financial Services (NYDFS) for permission to establish a limited-purpose trust company to oversee this new wing of its business.
Nasdaq is one of the world’s traditional finance giants, with a total valuation of $25.95 billion. The firm is responsible for…
