Nasdaq Eyes Crypto Custody Launch by End of Second Quarter
Nasdaq aims to launch its digital asset custody services by the end of Q2, as it works on obtaining technical infrastructure and regulatory approvals. The exchange group has applied for a limited-purpose trust company charter from the New York Department of Financial Services.
Nasdaq's move into crypto custody, initially targeting Bitcoin and Ether, is the first major step toward offering a wide range of services for its digital assets division. The company joins other financial giants like BNY Mellon and Fidelity in providing crypto safekeeping services.