Nasdaq Becomes Latest Firm to Trial Blockchain Technology

AccessTimeIconMay 11, 2015 at 10:27 a.m. UTC
Updated May 9, 2023 at 3:02 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global event for everything crypto, blockchain and Web3.Register Now

Nasdaq OMX Group Inc is reportedly exploring how a blockchain-based solution could change the way shares are transferred and sold manually.

The company will trial the technology in Nasdaq Private Market, a capital marketplace launched in January 2014, which sets out to connect private companies and global investors, allowing the latter to purchase shares which may eventually go public before they do so.

  • Key Events You Shouldn't Miss at Consensus 2024
    Key Events You Shouldn't Miss at Consensus 2024
  • What to Expect From Consensus 2024
    What to Expect From Consensus 2024
  • Will Solana and Altcoins Dominate the Market Next?
    Will Solana and Altcoins Dominate the Market Next?
  • What's Next for FIT21?
    What's Next for FIT21?
  • Nasdaq chief executive Robert Greifeld told The Wall Street Journal:

    "Utilising the blockchain is a natural digital evolution for managing physical securities."

    He added that the technology held the potential to "benefit not only our clients, but the broader capital markets".

    The company has appointed Fredrik Voss, vice president and deputy head of commodities, as its new blockchain technology lead.

    Blockchain tech exploration

    , which owns and operates the Nasdaq stock exchange, is the latest to explore the cryptocurrency space.

    Swiss investment bank UBS announced the opening of a London-based blockchain technology research lab to explore the application in the financial services industry just last month.

    Bankers from traditional finance have also previously praised blockchain technology, highlighting its potential to transform the industry.

    Ex-JP Morgan Chase & Co executive Blythe Masters joined bitcoin trading platform Digital Assets Holdings LLC as chief executive in March. The company is developing a blockchain-based solution for settling transfers of securities and funds.


    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.