Nasdaq is set to unveil its new blockchain-based platform, which will facilitate share transfers and sales on its private market.
The firm's demonstration of the new platform is expected to take place at the Money 20/20 event in Las Vegas today.
A company-issued statement said Nasdaq Linq – first announced in May – would include Chain, Change Tip, PeerNova, Synack, Tango and Vera as its first private company clients.
Bob Greifeld, Nasdaq CEO, said in a statement:
The platform was developed by Nasdaq's in-house technologists in collaboration with blockchain technology startup Chain – which recently closed a $30 million funding round with support from Visa – and contributions from global design and innovation firm Ideo.
Adam Ludwin, Chain CEO, said: "We are excited to leverage Nasdaq Linq to issue and manage our company's securities in a more efficient and transparent way."
The news comes after Fredrik Voss, vice president and head of blockchain strategy at Nasdaq, spoke to CoinDesk about the group's crypto-related strategies earlier this month.
Nasdaq image via Shutterstock.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.