During Nasdaq’s Q2 earnings call today, CEO Adena Friedman said the company had halted the rollout of its digital asset custody service, which was planned for launch in Q2. The news appears to be more than a pause, with the driver being regulatory uncertainty. She said that it was ‘possible’ that the company might enter the business in the future.
In the meantime it will support potential Bitcoin ETF listings and continue to provide index solution in the cryptocurrency space.
Last year Nasdaq announced it was creating a digital assets division, starting with a focus on custody and developed a proprietary solution. This March it was reported that it applied to the New York Department of Financial Services (NYDFS) for a trust company charter in order to operate as a custodian.
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