The second largest exchange in the world Nasdaq reported that it is negotiating the purchase of Swedish supplier of trading solutions Cinnober.
Cinnober is known as a company that positively perceives digital assets and attracts institutional clients to invest in them, CCN notes. One of the company's steps in this area was cooperation with the developer of custodial solutions of the institutional level of BitGo.
BitGo, for its part, has also concluded a number of agreements that help it achieve its goal of improving the crypto-currency sector, including an agreement to purchase a licensed asset keeper, the Kingdom Trust, and a partnership with the South Korean stock exchange Korbit.
The last acquisition of Nasdaq, although in this case not directly, underscores the interest of the exchange to trade in crypto-currencies . Earlier it became known that on the background of the repeated refusal of the Securities and Exchange Commission of the United States (SEC) to launch the bitcoin-ETF of the Winklewoss brothers, Nasdaq held a closed door meeting with experts from the crypto-currency industry. Participants of the meeting discussed ways to legalize crypto-currency as well as traditional exchange products and declaring the SEC to their side.
Commenting on the purchase of Cinnober, CEO of Nasdaq, Adena Fridman stressed that their interest aroused the success of the Swedish company in the markets of new assets.
"Intellectual capital, technological competence and capabilities of Cinnober, together with our business in the field of market technologies will allow to expand and deepen the rapidly developing division of Nasdaq. There is not only a continuation of the rapid evolution of global capital markets, but also the demand for market technology infrastructure on new trading floors in various industries that will provide rapid growth and scaling, as well as access to tools that help maintain market integrity. The acquisition will expand our ability to service market infrastructure operators around the world and accelerate the work on the expansion of new segments, " she said.
Cinnober developed and acquired technological solutions that could interest Nasdaq. In particular, it is a crypto-custodian service, since it is believed that the lack of reliable solutions for storing digital assets frightens institutional investors.
Own solutions for storing crypto currency are also developed by Goldman Sachs and some other recognized financial organizations.