Nasdaq and R3 to deliver institutional grade offering for digital assets exchanges
29 April 2020 London
Image: ZGPhotography/Shutterstock
Nasdaq has entered into a long-term, non-exclusive, collaboration agreement with enterprise software firm, R3 to deliver institutional grade offerings for digital assets exchanges.
As part of the co-operation, Nasdaq’s Market Technology business will leverage R3’s enterprise blockchain software Corda, along with professional services and support in building full lifecycle solutions for digital assets marketplaces.
By tapping Corda Enterprise, Nasdaq can bolster its broader platform and partnership strategy in order to support new institutional grade assets utilising Corda Enterprise to manage the complete asset lifecycle for new and existing market infrastructure operators.
The R3 collaboration will advance Nasdaq’s efforts in helping digital assets marketplaces strengthen transparency standards to align with their capital markets counterparts as they evolve their businesses.
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.”
Minter continued: “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: “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.”
As part of the co-operation, Nasdaq’s Market Technology business will leverage R3’s enterprise blockchain software Corda, along with professional services and support in building full lifecycle solutions for digital assets marketplaces.
By tapping Corda Enterprise, Nasdaq can bolster its broader platform and partnership strategy in order to support new institutional grade assets utilising Corda Enterprise to manage the complete asset lifecycle for new and existing market infrastructure operators.
The R3 collaboration will advance Nasdaq’s efforts in helping digital assets marketplaces strengthen transparency standards to align with their capital markets counterparts as they evolve their businesses.
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.”
Minter continued: “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: “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.”
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