{[{item.pair.split("_")[0]}]} ${[{item.price.toFixed(4)}]}
{[{item.change24}]}%
{[{item.change24}]}%
+ Become a member of Interactive Crypto
+ Create a FREE Interactive Crypto Account to Access Premium Content
We’re sorry, but the content you are trying to access is for members only.
CREATE ACCOUNT
April 30, 2020 |
Dan Mitchell | 0 Comments|2323 Views
Get Into Cryptocurrency Trading Today
Global stock exchange Nasdaq, and Enterprise blockchain developer R3, have announced that they have co-signed a “long-term, non-exclusive, collaboration agreement” which will see the two companies joining forces to create a new service platform for digital asset exchanges to be built upon.
According to a press release, Nasdaq will be integrating R3’s enterprise-standard Corda technology into its ‘Market Technology’ business, with R3 additionally providing “professional services and support” with regards to “building full lifecycle solutions for digital assets marketplaces”.
Nasdaq specified that it will be utilising:
“Corda Enterprise to manage the complete asset lifecycle for new and existing market infrastructure operations on a 24*7*365 basis”.
This wouldn’t be the first instance that Nasdaq has dipped its toes into research and development pertaining to digital assets. On the same day that the press release was made public (28th April 2020) an article was published on the Nasdaq website, featuring an interview with the company’s Head of Digital Assets within its market technology division: Johan Toll.
In this interview Johan Toll positioned the partnership, and forthcoming platform for digital asset exchanges, as a progressive step towards the so-called ‘institutionalisation’ of digital assets; following on from “numerous projects and proof-of-concepts embracing distributed ledger technologies”. Toll stated that these projects had been taking place “since the mid-2010s”.
“Overall, our goal is to provide financial institutions with an easily accessible, complete solution to issue tokens and build trusted, digital asset marketplaces designed for high security for trading and settling them within an ecosystem that supports growing volumes, as well as business and product development.”
The ‘Market Technology’ business is one of Nasdaq’s four income streams (the other three are ‘Market Services’. ‘Corporate Services’, and ‘Information Services’). Nasdaq claims that the technology which this division has developed powers “more than 250 of the world’s infrastructure organisations, regulators and market participants in 50+ countries.
Although ‘Market Technology’ comprised the smallest share of the organisation’s annual revenue in 2019 out of all four business areas (8%), Nasdaq had high hopes and predicted a doubling in revenue over the next five year. Note that this prediction appeared in a report published back in February: before the pandemic level of COVID19, which has rocked markets significantly.
“Together with Nasdaq we will provide a world-class platform on which digital asset markets can be built.” - Cathy Minter (Chief Revenue Officer, - R3)
R3 is the company responsible for creating and maintaining the blockchain platform powering ‘Corda’ and ‘Corda Enterprise’, and describes itself as an enterprise blockchain firm. This platform specialises in enabling the development and distribution of / client access to dApps, of which there is a diverse library.
Whilst Corda is targeted at clients and users from a wide range of industries, a large number of its active participants are within the finance sector. Also, there is also a growing trend of trading-based companies being onboarded to Corda recently, beyond Nasdaq.
For example: SBI Liquidity Market is a Japanese forex trading focused business, as well as being an official partner to Ripple. Instead of making use of the Ripple-backed Hyperledger platform, SBI announced earlier this month that it would be developing a blockchain implementation of a forex confirmation system on the R3 Corda platform (in partnership with another Japanese company called CAC Co., Ltd.
Corda has amassed a large portfolio of high profile institutional partners and clients - including: Microsoft, Accenture, Amazon Web Services, Worldpay, and Wells Fargo. In total, the Corda ecosystem boasts over 300 ‘participants’ from a wide range of industries “from both the private and public sectors”. As such, it is observably an actor working proactively towards supporting institutional use of blockchain.
All COINS
TRENDING
WATCHLIST
Market Cap {[{ marketcap }]}
Symbol
Price
Change
Chart
Trade
{[{ item.pair.split('_')[0] }]}
${[{ item.price }]}
{[{ item.change24 }]}
{[{ item.change24 }]}
Market Cap {[{ marketcap }]}
Symbol
Price
Change
Chart
Trade
{[{ item.pair.split('_')[0] }]}
${[{ item.price }]}
{[{ item.change24 }]}
{[{ item.change24 }]}
Externally Connected Smart Contracts Are Growing Bitcoin Adoption
Should I invest in Bitcoin or Bitcoin cash?
Time needed to mine one Bitcoin
Why is Bitcoin Cash so cheap?
How can I trade bitcoins for free?
Is Ripple The Cryptocurrency of 2018? - In Depth Review of Ripple XRP
What Is Ripple? / DefinitionRipple is a name for a cryptocurrency denoted by Ripple XRP and it's als...
Is IOTA Going to Overtake Bitcoin and Other Cryptocurrencies? - IOTA (MIOTA)Review
Verge Review
Binance Review
Dogecoin Review
LegacyFX
Many forms of cryptocurrency and altcoin trading are available in today’s financial markets. A...
Excentral
Risk warning: CFDs are complex financial products. They have a speculative character. Trading in...
EagleFX
EagleFX is one of the latest forex trading brokerages to join the sector. It got founded back in...
Vantagefx
VantageFX is a leading Australian forex broker that specializes in ensuring the complete and ful...
Xtrade
Xtrade is one of the most popular financial trading sites in the world. Started over a decade ago, t...
Mobi
Are you someone who makes international payments regularly using Bitcoin? Or do you travel a lot and...
Bitcoin.com
Bitcoin.com is a free downloadable Bitcoin wallet that allows users to trade and receive Bitcoins. T...
BTC.com
Created by Bitmain in 2016, BTC.com is a leading open-source Bitcoin and Bitcoin Cash storage platfo...
Cryptopay.me
Updated, Apr 04, 2020 Cryptopay is a revolution for Bitcoin users. This platform offers its custo...
Mycelium
MyCelium is an application for Mobile that offers many possibilities of security and confidentiality...
COMMENTS
0 Comments
Like this article