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Nasdaq Eyes Crypto Custody Launch by End of Second Quarter

Nasdaq plans to launch crypto custody services by Q2 2023, joining BNY Mellon and Fidelity. Safekeeping Bitcoin and Ether is the first step to a broad suite of digital asset services.

  • Nasdaq plans to launch its custody services for digital assets by Q2 2023.
  • The exchange group has applied to the New York Department of Financial Services for a limited-purpose trust company charter.
  • Safekeeping Bitcoin and Ether is the first step in building a suite of services for the digital assets division.
Nasdaq Eyes Crypto Custody Launch by End of Second Quarter
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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