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Nasdaq Will Repurpose Crypto Tech to Develop Carbon Markets
Nasdaq Inc. is planning to use the technology it developed for a curtailed foray into cryptocurrency to expand in other nascent markets. The stock exchange operator, which in July aborted its launch of a custodian business for digital assets in the US, is hoping the technology will entice more clients to new assets such as carbon. “We’re still going to launch it but we’re going to launch it as a technology service,” Tal Cohen, co-president of Nasdaq, said in an interview with Bloomberg Television. “We’re going to have an institutional-grade end-to-end technology platform that we hope powers not only ... (full story)