As Nasdaq continues to explore new business opportunities, with clients now looking for smart contract and tokenization solutions, the Wall Street exchange has found a new partner in blockchain firm Symbiont, giving the lead to further speculation that full-fledged crypto adoption is around the corner.
With Nasdaq CEO Adena Friedman now describing cryptocurrency as “the global currency of the future” prior to the Davos World Economic Forum and putting globalization under the microscope, the chance of the exchange launching into trading tokenized securities seems that little bit closer. From Symbiont’s perspective, its Assembly enterprise blockchain and smart contract platform will provide “…the opportunity for new participants to enter the digital asset market and offers existing participants a superior infrastructure on which to build the future of financial markets”.
Symbiont co-founder and CEO Mark Smith sees a “huge opportunity to be able to go all over the globe with Nasdaq”. Gary Offner, Head of Nasdaq Ventures, is equally upbeat, claiming that the company’s investments could “help build our future market infrastructure used by more than 100 marketplaces around the world”. En route to Davos, Friedman confirmed cryptocurrency’s future role, arguing that digital currency was “a tremendous demonstration of genius and creativity” and that it was deserving of “an opportunity to find a sustainable future in our economy”.
Nasdaq has shown through its cooperation with VanEck to bring Bitcoin-based futures to the market early this year that it has serious intent to back up the company CEO’s words with intent.
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