Nasdaq Blockchain Trial Resolves Margin Calls ‘in Minutes’
A group of industry stakeholders is trialing a blockchain system designed to more efficiently cover margin calls in securities trading.
The second largest stock exchange in the world - NASDAQ - is partnering with investment management firm VanEck to bring to market a new generation of cryptocurrency futures products.
Stock exchange operator Nasdaq is sticking with plans to launch bitcoin futures contracts early next year, say Bloomberg sources.
DX.Exchange, a Nasdaq-powered trading firm, will allow investors to purchase crypto tokens representing shares in major public firms.
Nasdaq has won a patent outlining how using a blockchain for information distribution could improve upon existing services.
Nasdaq is said to be beta testing new cryptocurrency analysis tools geared toward institutional investors.