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Nasdaq has acquired SecondMarket Solutions, a New York software-as-a-service provider that focuses on helping companies prepare for an IPO.
October 22 -
Critics concede Bitcoin's innovations may change finance but predict the system itself isn't long for this world. Nasdaq is challenging that idea by not only testing Bitcoin's much-vaunted blockchain technology, but doing so on the Bitcoin network.
May 19 -
The New York State Department of Financial Services on Monday gave a third virtual currency company the green light to begin operations in the state.
October 5
The founder of an IPO services company that was sold this month to Nasdaq has lined up several investors for his new company, which will invest in bitcoin and blockchain developers.
Barry Silbert said several firms have agreed to invest in Digital Currency Group, for which he is chief executive. Financial services industry companies that have invested include MasterCard and the Canadian Imperial Bank of Commerce, according to a Tuesday news release.
The total amount raised and additional financial terms were not disclosed. The investments were announced on Tuesday at the Money20/20 conference in Las Vegas.
Additional investors in Digital Currency Group include Bain Capital Ventures, CME Ventures, FirstMark Capital, New York Life Insurance, Novel TMT Ventures, Oak HC/FT, RRE Ventures, Solon Mack Capital and Transamerica Ventures.
Digital Currency Group will be operated as a holding company and not an investment fund, Silbert said in the release.
“Being structured as a company, versus a fund, allows us to evolve with the industry given our permanent capital base and flexible mandate,” Silbert said.
SecondMarket Solutions, which was founded by Silbert, was
