The marketplace offers access to different markets and fair screen-based securities. With the disruption of cryptocurrencies and blockchain technology, Nasdaq has acknowledged that the intermedial role firms play in connecting investors to exchanges has already begun to drastically change. The traditional broker-dealer relationship has been revolutionized by smart contracts and decentralized platforms, and Nasdaq is at the forefront of this transition, as it started implementing distributed ledger technology over 5 years ago.
In 2015, the marketplace enabled a Linq blockchain ledger platform that completed and recorded private securities transactions, overcoming the challenges of liquidity in private securities by streamlining payment transactions between multiple parties. In 2019, the exchange led an investment in Symbiont technology, a cutting edge blockchain provider that supports the entire lifecycle of digital assets.
Other exchanges, in contract, have used blockchain technology to enhance their own exchange operations, but not to create a central exchange. Nasdaq's approach is empowering the financial industry with tools to help other institutions digitize assets, and the marketplace is looking to make high gains from servicing clients with asset digitization technology. Nasdaq has stated it will be "blockchain agnostic" and partner with several more blockchain providers in order to cater to the unique needs of its clients.
Nasdaq's efforts in supporting the adoption of digital assets is one of several recent examples of how the ecosystem of digital assets is entering its prime time, with the capabilities of Web 3.0 just starting to be realized by the financial sector.
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