Ian Allison is an award-winning senior reporter at CoinDesk. He holds ETH.
Stalled or canceled cryptocurrency projects at Nasdaq – including a previously unreported effort to tokenize U.S. Treasury bills – have led to members of the exchange giant's digital assets team no longer working at the company, according to three people with knowledge of the matter.it would stop trying to become a licensed custodian of crypto or digital assets, blaming regulatory uncertainty in the U.S.
In some cases, they've joined companies that are expanding faster into crypto, whereas Nasdaq is purposefully taking its time deciding how to support the industry, one person said.There has been a breathless rush to create blockchain-based versions of traditional financial assets. For instance, asset management giant BlackRock has thrown its weight behind the trend with itsin a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin.
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