A parent company of an American stock exchange wants to launch crypto custody services by June, according to reports.
A new report from BNB Bloomberg reveals that Nasdaq INC. is the owner of the New York-based Nasdaq Stock Exchange. expects Its crypto custody services will be available by end of second quarter
Bloomberg was interviewed by Ira Auerbach from Nasdaq Digital Assets. She said that the company is in the process to acquire the regulatory consent and the infrastructure necessary for launch.
Auerbach also says that offering custody for Bitcoin (BTC) and Ethereum (ETH), the top two digital assets by market cap, would be the company’s first step toward building a suite of crypto-focused services.
Nasdaq first announced they would be looking to launch crypto custody services last September, at the time saying that institutional adoption of digital assets would drive the “next wave of revolution.”
In October, Tai Cohen, Nasdaq’s executive vice president and head of North American markets, said that the firm also plans to expand the crypto services they offer, such as providing liquidity, as well as embrace regulations.
“Custody is foundational. Off the back of custody, we can start to develop other solutions, offer execution services, liquidity services, and think about how we support new markets…
We have the experience to work within regulatory frameworks. We are open to accepting regulation as it comes. And institutions want us to operate under that framework.”
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