Nasdaq and R3 team up around digital assets

The American Stock Exchange Nasdaq has entered into a partnership with the blockchain company R3 in order to take advantage of his Corda platform in its ecosystem dedicated to digital assets.

As part of this collaboration, the branch Market Technology of Nasdaq will exploit the Corda blockchain platform of R3 in order to develop technology that will help institutions to create markets for digital assets.

This is an important step in the continuous development of Nasdaq technologies that support the creation of dynamic and reliable digital asset markets. R3’s Corda platform will allow us to harness the power of scalable design with a new level of interoperability, ”said Johan Toll, digital asset manager at Nasdaq, in a press release.

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Founded in 2014, R3 edited Corda, an open source platform that makes it easy to create blockchain applications.

Many large companies like MasterCard and KLM Royal Dutch Airlines are now using the R3 blockchain to improve certain aspects of their business.

Financial institutions are increasingly aware of the enormous potential to meet the needs of digital assets. We can help them manage these assets with solutions designed for more secure and regulated environments. Together with Nasdaq, we will provide a world-class platform on which digital asset markets can be built, helping to rapidly accelerate the growth of these and other markets around the world, "added Cathy Minter , CRO of R3.

Last fall, the Nasdaq listed the CIX100 index, regrouping the 100 most important cryptocurrencies of the market in term of market capitalization, of the startup CryptoIndex.