Nasdaq Eyes Crypto Safekeeping Launch by End of Second Quarter – Bloomberg

Nasdaq Inc. expects its custody services for digital assets to launch by the end of the second quarter as it joins a growing pool of traditional financial firms that could fill the role of crypto middlemen following a spate of bankruptcies in the industry.

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The project, which was initially announced in September, will mark the first major foray into crypto for the exchange operator. Safekeeping Bitcoin and Ether would be the first step to building a broad suite of services for the group’s digital assets division, eventually including execution for financial institutions, Auerbach said.

Source: Nasdaq (NDQ) Eyes Crypto Safekeeping Launch by End of Second Quarter – Bloomberg