Nasdaq to Launch Crypto Custody by Q2: Bloomberg

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Nasdaq to Launch Crypto Custody by Q2: Bloomberg

Global stock exchange Nasdaq is preparing to roll out its service for crypto custody by the end of the second quarter as regulatory turmoil intensifies in the US, Bloomberg reports, citing Ira Auerbach, Head of Nasdaq Digital Assets.

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Auerbach said the exchange is currently is working on getting all the necessary technical infrastructure and regulatory approvals in place. Nasdaq has already applied to the New York Department of Financial Services for a limited-purpose trust company charter, but it’s unclear if the company has received approval so far.

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Initially, the custodian will offer services for bitcoin (BTC) and ether (ETH) with more tokens to be added later, Auerbach said. In addition to the custodian, Nasdaq is also exploring various partnerships with crypto firms. However, the exchange currently has no plans to make any acquisition, she added.

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