ETHERLive
ETHERLive delivers real-time price and volume data across 16+ exchanges to users in a clear and easy-to-understand package. Users can get up-to-the-second updates for each exchange/currency pair, as well as aggregated market averages for each exchange, currency, and the market as a whole. It also provides a global converted average of all the currency pairs monitored by ETHNews, converted to USD.

---

24hr ---
--%
Friday Dec 15th 2017
RESOURCES

The Basics

Learn the basics of Ethereum and various cryptocurrency technologies

Learn More

What is Ethereum?

Understand the underlying principles of the Ethereum Platform

Learn More

The Blockchain

Discover the revolutionizing technology known as the blockchain

Learn More
SUBMIT

Press Release

Submit a press release for consideration on ETHNews

Submit Press

Story / Dapp

Submit a story or DAPP to be considered for publication on ETHNews.

Submit Story

Explanation

Submit "Ethereum Explainer" content for consideration to be featured on ETHNews

Submit Topic
ETHNews Logo
---
--%
Home
News
Etherlive
Ether Price Analysis
Resources
Contact Us

Nasdaq CEO Calls Token Offerings A ‘Bleeding Edge Type Of Construct’

By

Matthew

De Silva

WriterETHNews.com

On Tuesday, Georgetown University hosted the Financial Markets Quality Conference 2017, a gathering of major market leaders and regulators. Adena Friedman, president and CEO of Nasdaq, gave a speech at the conference, contributing her thoughts on token offerings (ICOs) and blockchain technology.

On October 10, 2017, Nasdaq president and CEO Adena Friedman delivered a keynote speech at Georgetown University’s Financial Markets Quality Conference 2017. In her remarks, Friedman reportedly addressed token offerings (ICOs) and blockchain technology implementations.

“There is no standard for disclosure,” she said of token offerings, according to Deal Street Asia. Friedman added, “There are no protections for investors. There’s no ownership.”

Friedman called token offerings a “bleeding edge type of construct,” explaining that “Nasdaq doesn’t tend to get engaged in the bleeding edge.” Instead, the exchange prefers the realm of tried-and-true financial constructs, she offered.

While Friedman seemed doubtful about the reliability and financial security of token offerings, she expressed her belief that blockchain technology could help reduce settlement periods. According to the Securities Industry and Financial Markets Association, the Nasdaq CEO made note of the “huge” regulatory component to using blockchain-based systems for public markets, but she foresaw significant developments across central securities depositories and central counterparty clearing houses.

Also on Tuesday, Nasdaq Stockholm announced that two Ether exchange-traded notes have been made available to the public.

In May 2017, Nasdaq and Citi announced a payment solution that “enables straight through payment processing and automates reconciliation by using a distributed ledger to record and transmit payment instructions.” At the time, Friedman said the integration of blockchain technology and global financial systems could “have profound implications for outdated administrative functions in the capital markets.”

In April 2017, the exchange invested in blockchain technology through the launch of Nasdaq Ventures. But Nasdaq has been working on blockchain technology since at least 2015, when it announced that Chain.com used the exchange’s Linq blockchain to complete and record a private securities transaction.

With a market capitalization of approximately $6.8 trillion, Nasdaq could have a massive impact on the eventual adoption of blockchain-based trade. A few of our readers might remember when Nasdaq became the world’s first electronic stock market back in 1971. One day, maybe Nasdaq could become the world’s first blockchain-based stock market.

Matthew De Silva

Matthew is a writer with a passion for emerging technology. Prior to joining ETHNews, he interned for the U.S. Securities and Exchange Commission as well as the OECD. He graduated cum laude from Georgetown University where he studied international economics. In his spare time, Matthew loves playing basketball and listening to podcasts. He currently lives in Los Angeles. Matthew is a full-time staff writer for ETHNews.

ETHNews is commited to its Editorial Policy

Like what you read? Follow us on Twitter @ETHNews_ to receive the latest Nasdaq, token offering or other Ethereum business and finance news.