Nasdaq and Sweden's SEB bank are partnering to trial blockchain for mutual fund trading.
In a statement, Göran Fors, acting head of Investor Services at SEB, said:
"It is not about disrupting the industry, it is focused on bringing efficiencies," he added.
But while it marks a milestone for Nasdaq's work with blockchain, both companies have been working on use cases for some time. For Nasdaq, its work began in 2015, and this year, it has announced several new partnerships, including efforts with Citi and Switzerland's primary stock exchange.
According to the firms, the development of the platform will go ahead, though no timeline has been set for any launch or live release.
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