Nasdaq to launch crypto custody services by end of Q2: Report

Global securities marketplace Nasdaq is gearing up to launch its custody services for digital assets by the end of the second quarter of this year, according to Bloomberg.

As reported by Bloomberg, the exchange group has applied for a limited-purpose trust company charter from the New York Department of Financial Services, which would oversee the new business. Nasdaq’s senior vice president and head of Nasdaq Digital Assets, Ira Auerbach, reportedly disclosed this in an interview in Paris, stating that the group is committed to ensuring all necessary regulatory approvals and technical infrastructure are in place.

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