Nasdaq has entered into a long-term, non-exclusive, collaboration agreement with enterprise software firm R3, under which it will leverage R3’s enterprise blockchain software Corda, along with professional services and support in building full lifecycle solutions for digital assets market places.
By tapping Corda Enterprise, Nasdaq says it can bolster its broader platform and partnership strategy in order to support new institutional grade assets to manage the complete asset lifecycle for new and existing market infrastructure operators on a 24X7X365 basis.
Due to the scalability, low-latency and encrypted environment in which Corda Enterprises operates, the solution is optimised for business cases requiring institutional grade controls in reliability and availability, Nasdaq says, adding the collaboration will advance its efforts in helping digital assets market places strengthen transparency standards to align with their capital markets counterparts as they evolve their businesses.
“Financial institutions are becoming increasingly aware of the huge potential for servicing the needs of digital assets,” says Cathy Minter, chief revenue officer at R3. “We can help them accommodate these assets with solutions that are designed for more secure, reliable and regulated environments. Together with Nasdaq we will provide a world-class platform on which digital assets markets can be built, helping to rapidly accelerate the growth of these markets and others around the globe.”
Johan Toll, head of digital assets, market technology, at Nasdaq, adds, “This collaboration between Nasdaq and R3 is another important milestone in Nasdaq’s continuous development of technologies that support the creation and growth of dynamic, trusted digital asset market places. R3’s Corda platform will fit well into Nasdaq’s technology ecosystem and partnership strategy and allow us to harness the power of scalable design and a new level of interoperability.”