Exchange operator Nasdaq is looking to invest in blockchain startups as part of a new venture initiative.
Nasdaq Ventures, announced today, has set its sight on investing in companies that work with blockchain, as well as firms focused on artificial intelligence, next-generation data analysis and machine learning. The firm will invest as much as $10m in relevant startups, focusing on both seed-stage and late-stage placements.
Adena Friedman, president and CEO of Nasdaq, said in a statement:
The operator has been testing blockchain elsewhere as well.
In February 2016, Nasdaq revealed it was testing a blockchain e-voting prototype with Estonia's sole securities exchange. Further, in January, Nasdaq released a report outlining that, in its view, the trial "successfully demonstrated" why it believes blockchain use cases will extend beyond transaction settlement.
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