The release of Nasdaq’s custody services for Bitcoin and cryptocurrencies is allegedly planned for Q2 2023. Nasdaq is an American stock exchange with headquarters in New York City. 

Senior Vice President and Director of Nasdaq Digital Assets Ira Auerbach stated that Nasdaq is moving quickly to put all of the required technical infrastructure and regulatory approvals in place.

The infrastructure described in the report may resemble that of Fidelity Digital Assets, which discreetly launched operations made available to the public last week. The custody service for the assets would be the initial step for enabling Bitcoin and cryptocurrency trading on Nasdaq.

“Nasdaq has applied to the New York Department of Financial Services for a limited-purpose trust company charter, which would oversee the new business,” stated the Bloomberg report.

The platform is launching at a time where several major cryptocurrency firms have collapsed along with rising regulatory tension.

Share this article
The link has been copied!