Nasdaq Inc. has become the latest mainstream financial corporation to back away from digital assets, abandoning its plans to create a custodial business in the United States due to the changing economic and regulatory climate.
The exchange operator has also suspended its efforts to obtain a business licence, but will continue to develop its technology to handle cryptocurrency for clients.
“We remain committed to supporting the evolution of the digital asset ecosystem in a variety of ways,” including relationships with future ETF issuers, the company CEO Adena Friedman stated during the company’s second-quarter results call.
