Nasdaq CEO: Exchange Is Staying Away from ICOs

Nasdaq CEO: Exchange Is Staying Away from ICOs

The CEO of global stock exchange operator Nasdaq said this week that her firm is steering clear of initial coin offerings (ICOs). Nasdaq CEO Adena Friedman, speaking at the Financial Markets Quality Conference at Georgetown University, criticized the lack of investor protection and disclosure standards among organizers that use the blockchain use case. Through ICOs, blockchain-based tokens are sold via public sales in order to bootstrap the development of new networks. But the use case has attracted criticism for the prevalence of fraud, drawing the attention of regulators worldwide.
Nasdaq Teams with SEB for Blockchain Mutual Fund Trading Trial

Nasdaq Teams with SEB for Blockchain Mutual Fund Trading Trial

Nasdaq and Sweden's SEB bank are partnering to trial blockchain for mutual fund trading. Focusing on the Swedish market, the distributed ledger platform aims to allow participants to trade in real time, thereby simplifying the market's complex, often paper-based transactions. In a statement, Göran Fors, acting head of Investor Services at SEB, said: "With the help of a blockchain we can create a faster, simpler, more effective and reliable fund market.

Nasdaq и SEB Group протестируют блокчейн для фондов взаимных инвестиций

Ведущая американская биржа Nasdaq и базирующаяся в Швеции финансовая группа SEB Group протестируют использование технологии блокчейн в работе профессиональных инвестиционных фондов. Об этом сообщает шведское финансовое издание Dagens Industri. Как отмечают в SEB Group  фондовый рынок не располагает Центральным депозитарием ценных бумаг, поэтому большая часть торговых операций все еще осуществляется посредством бумажной волокиты и телефонных звонков.