Yesterday Nasdaq’s technology arm Market Technology
announced plans to integrate its Nasdaq Financial Framework (NFF) with Microsoft’s Azure Blockchain. Nasdaq’s modular technology is used by more than 100 exchanges, clearinghouses and Central Security Depositories in 50 countries, including the Singapore Exchange.
“Our [capital markets] industry is evolving faster than ever with the advent and advancement of cloud, blockchain, machine intelligence and others. Key players in the industry are looking to these technologies to explore how they can become more effective and efficient, but also gain competitive advantage,” said Magnus Haglind, SVP and Head of Product Management for Nasdaq’s market technology business.
One example is Nasdaq’s work with the Singapore Exchange and Monetary Authority of Singapore on a
settlement system for tokenized assets. In that case, the plan is also to tokenize currencies to enable delivery versus payment – on-chain instant settlement.
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