- Stock trade behemoth Nasdaq has partnered with blockchain firm R3.
- Utilizing R3’s Corda ecosystem, Nasdaq plans to develop a market for issuance, buying and selling and settlement of digital property.
- R3 was one of many first blockchain tasks to actively work with legacy monetary establishments.
American inventory trade Nasdaq has joined forces with R3 to make the most of its Corda blockchain for digital property administration. Based on R3, the objective of the partnership is to supply companies a platform to create tokens and digital marketplaces simply. Nasdaq’s head of digital property, Johan Toll, stated that the platform will present help for a given asset’s full “life cycle” – together with issuance, buying and selling, settlement, and custody.
Toll added that R3 was “among the many first blockchain pioneers” to serve conventional monetary establishments. R3 is well-positioned to work with Nasdaq and meet the scaling demand for digital asset-related companies in industries akin to healthcare and transport.
Toll stated:
Within the close to future, many processes that incumbent marketplaces at the moment function manually will doubtless shift to a digitalized workflow, enabling market individuals to attach simply with each other to commerce these property. They may also be trying to broaden their product protection by digitalizing property historically handled bilaterally in OTC or handbook and paper-based markets.
Toll clarified that Nasdaq’s partnership with R3 is non-exclusive, that means that the agency will proceed working with different blockchain suppliers.
