Nasdaq is planning to launch a platform that will offer custodial services for cryptocurrencies to institutional investors.
It is expected that the platform will be available by the end of the second quarter of 2023, pending approval from the New York City Department of Financial Services.
Ira Auerbach, the head of Nasdaq Digital Assets, has confirmed that the exchange is currently in the process of developing the necessary technical infrastructure.
This would make Nasdaq join other financial giants such as BNY Mellon and Fidelity, who already provide similar services.
