Nasdaq and Chain to Partner on Blockchain Technology Initiative
(Thomson Reuters ONE) -
Nasdaq Private Market Will be First Project at Nasdaq to Use Chain's
Technology
Chain Will be Inaugural Client on Nasdaq Private Market to Leverage Blockchain
Technology
NEW YORK and SAN FRANCISCO, June 24, 2015 (GLOBE NEWSWIRE) -- Nasdaq
(Nasdaq:NDAQ) today announced a new partnership with Chain, the leading
blockchain infrastructure provider to financial institutions and enterprises,
to leverage the blockchain platform to facilitate the secure issuance and
transfer of shares of privately-held companies. Chain, currently privately-
held, plans to be the inaugural company to use the blockchain technology on
Nasdaq Private Market.
"We are excited about the potential impact of this new endeavor with Chain on
the transaction process," said Bob Greifeld, CEO, Nasdaq. "This Nasdaq Private
Market project aims to simplify the overwhelming challenges private companies
face with manual ledger record-keeping. As blockchain technology continues to
redefine not only how the exchange sector operates, but the global financial
economy as a whole, Nasdaq aims to be at the center of this watershed
development."
The new partnership with Chain marks the latest milestone on Nasdaq's
exploratory approach to apply blockchain technology across the company. In
May, Nasdaq announced initially leveraging the Open Assets Protocol, a colored
coin innovation built upon the blockchain. In its first application expected
later this year, the company plans to launch blockchain-enabled digital ledger
technology to expand and enhance the equity management capabilities offered by
its Nasdaq Private Market platform.
"Chain is thrilled to be working with Nasdaq on blockchain initiatives which
will reduce the time, costs, and points of friction across the capital
markets," said Adam Ludwin, CEO of Chain. "Nasdaq's technology and thought
leadership in creating new, dynamic markets will carry over into the
blockchain space in truly disruptive ways."
By using the blockchain to represent securities and manage capitalization
tables, stockholders can seamlessly transfer securities between entities, and
companies and their affiliates can be provided with a complete historical
record of issuance and transfer of their securities. Importantly, the use of a
blockchain-based distributed ledger can also offer integrity, audit ability,
issuance governance and transfer of ownership capabilities.
About Nasdaq
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing, exchange
technology, listing, information and public company services across six
continents. Through its diverse portfolio of solutions, Nasdaq enables
customers to plan, optimize and execute their business vision with confidence,
using proven technologies that provide transparency and insight for navigating
today's global capital markets. As the creator of the world's first electronic
stock market, its technology powers more than 70 marketplaces in 50 countries,
and 1 in 10 of the world's securities transactions. Nasdaq is home to more
than 3,500 listed companies with a market value of approximately $9.5 trillion
and more than 10,000 corporate clients. To learn more, visit:
nasdaq.com/ambition or business.nasdaq.com.
About Nasdaq Private Market
Nasdaq Private Market is the premier equity services provider to private
companies. Our end-to-end solution enables private companies to digitize,
integrate, and control all of their equity-related functions, including cap
table management, shareholder liquidity, investor relations, and capital
raising. Whether a company seeks to optimize an eventual IPO or remain private
permanently, Nasdaq Private Market provides comprehensive capital market
support to meet its needs. For certain eligible investors and shareholders,
Nasdaq Private Market is a place to discover and engage with some of the most
exciting private companies. The NASDAQ Private Market, LLC is not: (a) a
registered exchange under the securities exchange act of 1934; (b) a
registered investment adviser under the investment advisers act of 1940; or
(c) a financial or tax planner, and does not offer legal advice to any user of
the NASDAQ Private Market website. Securities-related services are offered
through NPM Securities, LLC, a registered broker-dealer and alternative
trading system, which is a member FINRA/SIPC and a wholly-owned subsidiary of
the NASDAQ Private Market, LLC. Securities offered through NPM Securities, LLC
are not listed or traded on the NASDAQ Stock Market LLC, nor are the
securities subject to the same listing or qualification standards applicable
to securities listed or traded on the NASDAQ Stock Market LLC. To learn more,
visit www.npm.com.
About Chain
Chain.com is the leading block chain infrastructure provider to financial
institutions and enterprises. Chain's platform enables the development and
operation of reliable, secure, and private block chain based products and
services. Chain's infrastructure services can power any asset type--including
securities--on any block chain. Chain's customers span the payments, banking,
capital markets, telecom, and energy markets. The company also serves
thousands of individual developers and start-ups building innovative products
with block chain technology.
Chain.com is based in San Francisco, CA and is backed by leading venture firms
Khosla Ventures, RRE Ventures, and Thrive Capital.
NDAQG
CONTACT: Nasdaq
Media
Ryan Wells
646 581 4286
Ryan.wells(at)nasdaq.com
Investor Relations
Ed Ditmire
212 401 8737
ed.ditmire(at)nasdaq.com
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: The NASDAQ OMX Group, Inc. via GlobeNewswire
[HUG#1930882]
Unternehmensinformation / Kurzprofil:
Datum: 24.06.2015 - 15:01 Uhr
Sprache: Deutsch
News-ID 402742
Anzahl Zeichen: 6901
contact information:
Town:
New York
Kategorie:
Business News
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