Latest news with #DigitalAsset
Finextra
2 days ago
- Business
- Finextra
Nasdaq integrates with Canton Network for digital assets collateral
Nasdaq has unveiled a major technological milestone by integrating the Canton Network with its Nasdaq Calypso platform. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. This development, achieved through partnership with QCP, Primrose Capital Management, and Digital Asset, marks a new era in institutional finance, enabling end-to-end margin and collateral workflows on blockchain technology. This integration facilitates the automated 24/7 management of margins and collateral across a diverse range of assets, including fixed income, exchange-traded derivatives, and crypto derivatives. This advancement addresses a critical inefficiency in financial markets by enhancing collateral mobility and optimizing capital efficiency through real-time mobilization and redeployment of assets. Nasdaq Calypso is a leading technology platform serving 97% of the world's systematically important banks as well as numerous exchanges and regulatory bodies. By bridging traditional finance with emerging digital markets, Nasdaq aims to set new standards in digital asset management, helping to foster greater institutional adoption. The collaboration brings together key market players, with QCP providing digital asset market insight, Digital Asset offering blockchain technology, and Primrose Capital Management contributing as a market user. This collective effort supports the evolving financial landscape by streamlining operations and bolstering security through blockchain-based solutions. The initiative is aligned with the financial industry's shift towards integrating traditional and digital finance, enabling faster settlement cycles and continuous trading, thus requiring enhanced real-time risk management capabilities.
Finextra
3 days ago
- Business
- Finextra
Canton Network connects to Nasdaq Calypso
Nasdaq (Nasdaq: NDAQ) today announced it has facilitated end-to-end margin and collateral workflows on the Canton Network, connecting the blockchain-based technology to Nasdaq Calypso. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. The use case was developed in partnership with QCP, Primrose Capital Management and Digital Asset, to demonstrate that the integration of on-chain capabilities alongside existing institutional workflows enhances collateral mobility across all asset classes for institutional market participants. Nasdaq Calypso is the leading technology platform used by financial institutions to seamlessly manage risk, margin, and collateral needs in an integrated environment. Its technology is uniquely positioned to serve the evolving demands of both traditional finance and emerging digital markets. Through the partnership on this use case, Nasdaq Calypso will expand its capabilities to support automated 24/7 margin and collateral management across a full spectrum of assets, including crypto derivatives, fixed income, exchange-traded derivatives, and over-the-counter derivatives. With this partnership, the companies are seeking to mature and scale the next generation of digital asset infrastructure. The use case represents a proof point that leveraging blockchain-based technology for collateral management allows financial institutions to meet the demands for real-time capital efficiency in an always-on financial ecosystem. It enables financial institutions to allocate capital more efficiently by mobilizing and redeploying previously locked up collateral across markets. Melvin Deng, CEO of QCP, said: 'Partnering with a global technology leader like Nasdaq is a testament to our commitment to building the next generation of institutional-grade market infrastructure. This isn't just a technological milestone, it's a paradigm shift for capital efficiency. Automating collateral management on-chain allows us to offer our clients enhanced security, better pricing, and the ability to deploy capital 24/7 across both traditional and digital assets. QCP played a pivotal role in shaping the product design and market integration and will support Nasdaq on developing a new suite of OTC spot and derivatives products, setting a new standard for what's possible in institutional digital assets.' Yuval Rooz, Co-Founder & CEO of Digital Asset, said: "This milestone with Nasdaq, QCP, and Primrose shows how Canton can meaningfully enhance institutional workflows. By automating margin and collateral processes on chain, firms gain real-time efficiency and control while maintaining data confidentiality through configurable privacy settings. It's a major step toward harmonizing traditional and digital markets on a trusted, interoperable infrastructure." Linus Ong, Chief Investment Officer, Primrose Capital Management, said: 'Primrose operates at the intersection of quantitative trading and digital asset innovation. This integration empowers our fund to align our portfolio management and real-time risk management with institutional-grade on-chain infrastructure. It brings the discipline of quant finance to a 24/7 digital market.' Enhancing trust in the infrastructure and networks that underpin the digital asset ecosystem will also be critical to the long-term development of the asset class. Magnus Haglind, Head of Marketplace Technology, Nasdaq, said: 'Capital market infrastructure and the emerging digital asset ecosystem are on the cusp of a generational shift as they converge with faster settlement and 24- hour trading, driving a new operational paradigm for market participants. Financial institutions need to improve real time risk management and mobilize collateral to optimize capital and liquidity deployment. We are excited to work with our clients to deliver improved capital efficiency through this innovative solution.' Through a comprehensive suite of digital asset products and services, Nasdaq is committed to supporting the evolution of the digital asset ecosystem by helping to drive resilience and integrity across the market. Nasdaq plans to advance its existing digital asset capabilities across its suite of capital market solutions, helping to drive institutional adoption of digital assets. Around the world, Nasdaq's technology is used by 97% of global systematically important banks, half of the world's top 25 stock exchanges, 35 central banks and regulatory authorities, and 3,800+ clients across the financial services industry. As a scaled platform partner, Nasdaq draws on deep industry experience, technology expertise, and cloud managed service experience to help financial services companies solve their toughest operational challenges while advancing industrywide modernization.
Yahoo
3 days ago
- Business
- Yahoo
Mastercard expands partnership with Fiserv to integrate FIUSD stablecoin
Mastercard has expanded its collaboration with Fiserv to incorporate the FIUSD token, a new programmable blockchain-based stablecoin, into its global payment network. The partnership aims to address the practical use cases and challenges associated with the adoption of stablecoins. It aims to facilitate the transition between fiat currencies and FIUSD for both consumers and businesses for on/off-ramping processes. Mastercard will also enable FIUSD as a settlement option for its global acquirers, allowing merchants to receive payments in FIUSD regardless of the payment method used. Mastercard Americas co-president Chiro Aikat stated: 'Leveraging the power of the Mastercard network, as well as our deep capabilities across digital assets, we are creating a robust ecosystem that bridges traditional financial services with digital assets. 'Underpinned by our commitment to providing seamless, secure and programmable transactions, we are excited to bring Fiserv's FIUSD to our customers, consumers and businesses around the world.' The collaboration will leverage the Mastercard Multi-Token Network (MTN), allowing Fiserv's Digital Asset Platform, which is powered by Finxact, to support programmable on-chain commerce for banks. Furthermore, it will issue stablecoin-linked cards, permitting the use of FIUSD for transactions at any Mastercard-accepting location around the world. Mastercard One Credential will also be available, providing consumers with the option to select their preferred payment method, including stablecoin balances, in addition to traditional debit and credit. Fiserv chief operating officer Takis Georgakopoulos said: 'FIUSD presents Fiserv customers with access to a new, more efficient, and interoperable digital asset service for their banking and payment flows. 'Our work with Mastercard is promoting greater reach and utility of stablecoins by helping our financial institutions and merchants enable greater payments choice to their customers." This expansion follows the Fiserv announcement to launch a new digital asset platform by the end of 2025. The platform will include the FIUSD stablecoin and is set to be integrated into Fiserv's existing banking and payment infrastructure. "Mastercard expands partnership with Fiserv to integrate FIUSD stablecoin " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
What's Driving Goldman Sachs And Citadel Into Crypto? The $135M Digital Asset Funding Round Explained
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Digital Asset, the developer behind the Canton Network, has raised $135 million in a funding round backed by major Wall Street players including Goldman Sachs (NYSE:GS) and Citadel Securities, alongside leading crypto investors. The round, led by DRW Venture Capital and Tradeweb Markets, signals growing institutional confidence in blockchain solutions designed for traditional finance. The new capital will accelerate the onboarding of real-world assets onto the Canton Network, which Digital Asset describes as the first public, permissionless Layer-1 blockchain offering configurable privacy for institutional use. Trending: Your Crypto, Locked Down: Store Bitcoin, Ethereum, and more, with the Ledger Nano S Plus — . The network already supports a broad range of assets, including bonds, commodities, repos, mortgages, and alternative funds. Other participants in the round include BNP Paribas, Circle Ventures, The Depository Trust & Clearing Corporation (DTCC), IMC, Liberty City Ventures, Optiver, Paxos, Polychain Capital, QCP, Republic Digital, 7RIDGE and Virtu Financial. Goldman Sachs' Mathew McDermott said, "Our longstanding relationship with Digital Asset stems from a deep conviction in the strength of their technology, which continues to be foundational to the development and ongoing success of GS DAP." Don Wilson, CEO of DRW, emphasized the maturity of the market, stating, "We are at the inflection point of being able to use blockchain at scale in traditional markets."The funding is set to bolster Canton's position as a blockchain protocol tailored for regulated institutions, offering privacy controls that have long been a barrier to enterprise blockchain adoption. Digital Asset says Canton already has nearly 400 participants within its ecosystem, reflecting momentum among both traditional and decentralized finance players. Digital Asset CEO Yuval Rooz added, "This funding milestone validates the inevitability of what we envisioned years ago: a privacy-enabled public blockchain designed specifically for institutional adoption." The Canton Network enables asset synchronization across financial markets with an emphasis on real-time, private, and interoperable settlement, a feature that its backers see as a step toward modernizing financial infrastructure. Read Next: Grow your IRA or 401(k) with Crypto – unlock the power of alternative investments including a Crypto IRA within your retirement account. A must-have for all crypto enthusiasts: Sign up for the Gemini Credit Card today and earn rewards on Bitcoin Ether, or 60+ other tokens, with every purchase. Image: Shutterstock This article What's Driving Goldman Sachs And Citadel Into Crypto? The $135M Digital Asset Funding Round Explained originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
Associated Press
3 days ago
- Business
- Associated Press
Nasdaq and QCP Set New Standard of Capital Efficiency by Connecting Canton Network to Nasdaq Calypso
NEW YORK, June 26, 2025 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today announced it has facilitated end-to-end margin and collateral workflows on the Canton Network, connecting the blockchain-based technology to Nasdaq Calypso. The use case was developed in partnership with QCP, Primrose Capital Management and Digital Asset, to demonstrate that the integration of on-chain capabilities alongside existing institutional workflows enhances collateral mobility across all asset classes for institutional market participants. Nasdaq Calypso is the leading technology platform used by financial institutions to seamlessly manage risk, margin, and collateral needs in an integrated environment. Its technology is uniquely positioned to serve the evolving demands of both traditional finance and emerging digital markets. Through the partnership on this use case, Nasdaq Calypso will expand its capabilities to support automated 24/7 margin and collateral management across a full spectrum of assets, including crypto derivatives, fixed income, exchange-traded derivatives, and over-the-counter derivatives. With this partnership, the companies are seeking to mature and scale the next generation of digital asset infrastructure. The use case represents a proof point that leveraging blockchain-based technology for collateral management allows financial institutions to meet the demands for real-time capital efficiency in an always-on financial ecosystem. It enables financial institutions to allocate capital more efficiently by mobilizing and redeploying previously locked up collateral across markets. Melvin Deng, CEO of QCP, said: 'Partnering with a global technology leader like Nasdaq is a testament to our commitment to building the next generation of institutional-grade market infrastructure. This isn't just a technological milestone, it's a paradigm shift for capital efficiency. Automating collateral management on-chain allows us to offer our clients enhanced security, better pricing, and the ability to deploy capital 24/7 across both traditional and digital assets. QCP played a pivotal role in shaping the product design and market integration and will support Nasdaq on developing a new suite of OTC spot and derivatives products, setting a new standard for what's possible in institutional digital assets.' Yuval Rooz, Co-Founder & CEO of Digital Asset, said: 'This milestone with Nasdaq, QCP, and Primrose shows how Canton can meaningfully enhance institutional workflows. By automating margin and collateral processes on chain, firms gain real-time efficiency and control while maintaining data confidentiality through configurable privacy settings. It's a major step toward harmonizing traditional and digital markets on a trusted, interoperable infrastructure.' Linus Ong, Chief Investment Officer, Primrose Capital Management, said: 'Primrose operates at the intersection of quantitative trading and digital asset innovation. This integration empowers our fund to align our portfolio management and real-time risk management with institutional-grade on-chain infrastructure. It brings the discipline of quant finance to a 24/7 digital market.' Enhancing trust in the infrastructure and networks that underpin the digital asset ecosystem will also be critical to the long-term development of the asset class. Magnus Haglind, Head of Marketplace Technology, Nasdaq, said: 'Capital market infrastructure and the emerging digital asset ecosystem are on the cusp of a generational shift as they converge with faster settlement and 24- hour trading, driving a new operational paradigm for market participants. Financial institutions need to improve real time risk management and mobilize collateral to optimize capital and liquidity deployment. We are excited to work with our clients to deliver improved capital efficiency through this innovative solution.' Through a comprehensive suite of digital asset products and services, Nasdaq is committed to supporting the evolution of the digital asset ecosystem by helping to drive resilience and integrity across the market. Nasdaq plans to advance its existing digital asset capabilities across its suite of capital market solutions, helping to drive institutional adoption of digital assets. Around the world, Nasdaq's technology is used by 97% of global systematically important banks, half of the world's top 25 stock exchanges, 35 central banks and regulatory authorities, and 3,800+ clients across the financial services industry. As a scaled platform partner, Nasdaq draws on deep industry experience, technology expertise, and cloud managed service experience to help financial services companies solve their toughest operational challenges while advancing industrywide modernization. About Nasdaq Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions, and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at Media Contacts: Andrew Hughes; +44 (0)7443 100896; [email protected] Camille Stafford; +1 (234) 934 9513; [email protected] -NDAQG- Cautionary Note Regarding Forward-Looking Statements: Information set forth in this press release contains forward-looking statements that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Forward-looking statements can be identified by words such as 'will', 'can' and other words and terms of similar meaning. Such forward-looking statements include, but are not limited to, statements related to the benefits of Nasdaq's digital asset margin management technology. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq's control. These risks and uncertainties are detailed in Nasdaq's filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on Nasdaq's investor relations website at and the SEC's website at Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
