Nasdaq, the U.S.-based financial services giant operating three stock exchanges, announced that it would launch its crypto custody service by the end of Q2.
The announcement was made by the company’s senior vice president and head of digital assets, Ira Auerbach, during an interview in Paris.
The corporation currently works on all the necessary technical infrastructure and regulatory approvals.
- Auerbach said the company has already submitted an application for a limited-purpose trust company charter to the New York Department of Financial Services (NYDFS).
- The move will mark Nasdaq’s first major step toward crypto.
- The financial services giant will first focus on safeguarding Bitcoin (BTC) and Ether (ETH), followed by a wide range of digital asset services.
- Nasdaq first announced the service in September 2022.
Some of Nasdaq’s rivals, including BNY Mellon and Fidelity, also offer custody services for digital assets.
