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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 -
The blockchain technology company Chain has raised $30 million in a round including participation by Citi Ventures, Nasdaq, Capital One, Visa, Fiserv and Orange.
September 10 -
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 -
Apple Pay and cryptocurrencies such as Bitcoin have a lot of appeal for banks looking to stay at the cutting edge of digital payments. But security and compliance risks are part and parcel of these innovations.
March 11
Nasdaq has unveiled its blockchain technology initiative.
In May the stock exchange previewed its plans to integrate blockchain tech into its private markets platform, reintroduced Tuesday as a digital-ledger technology called Nasdaq Linq.
The platform uses blockchain technology to issue shares for privately held companies on the Nasdaq Private Market and record their transfers. Clients receive a comprehensive record of issuance and transfer.
Nasdaq framed it in a press release as a system that would improve efficiency and transparency in managing and auditing securities, which are among the main reasons the blockchain's record-keeping capabilities began winning over financial services companies.
Startups Chain, ChangeTip, PeerNova, Syntack, Tango and Vera are among Linq's inaugural private company clients; Chain recently raised $30 million from investors that included Nasdaq.
Nasdaq's in-house technologists developed Linq in collaboration with Chain and user-experience design firm IDEO. The platform is meant to complement the private market's cloud-based capitalization table management and stock plan administration service, ExactEquity.
