Nasdaq Digital Assets is a division of Nasdaq established to advance the institutional adoption of digital assets by providing trusted, institutional-grade solutions. Initially, the division aimed to offer a proprietary custody solution for cryptocurrencies, focusing on enhanced security and scalability. However, in July 2023, Nasdaq decided to halt the launch of its U.S. digital asset custodian business due to the evolving regulatory environment. Key Features and Functionality: - Digital Asset Custody: Designed to provide secure storage solutions for cryptocurrencies, ensuring high accessibility and scalability without compromising security. - Anti-Financial Crime Technology: Expanded capabilities to monitor and mitigate risks such as money laundering, fraud detection, and market abuse across both traditional and digital assets. - Marketplace Services Platform: A SaaS platform facilitating the exchange of digital assets, services, and information, supporting the full transaction lifecycle from issuance to settlement. Primary Value and User Solutions: Nasdaq Digital Assets aims to bridge the gap between traditional financial institutions and the digital asset ecosystem by offering secure, scalable, and regulatory-compliant solutions. By leveraging Nasdaq's expertise in market infrastructure and technology, the division seeks to instill greater trust and confidence among institutional investors, thereby facilitating broader adoption of digital assets.