Nasdaq's stalled or canceled crypto projects lead to staff departures and shift to tokenizing T-bills
Several cryptocurrency projects, including an effort to tokenize U.S. Treasury bills, have been stalled or canceled at Nasdaq, leading to some members of the exchange's digital assets team leaving the company. While Nasdaq had previously announced its intention to become a licensed custodian of crypto or digital assets, it later abandoned the plan due to regulatory uncertainty in the U.S. The exchange then shifted its focus to tokenizing T-bills, but it is unclear how many team members left or whether layoffs were involved. Nasdaq has declined to comment on the matter.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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