Nasdaq invest blockchain technology

On April 19, 2017, American stock exchange Nasdaq announced the launch of Nasdaq Ventures. Originally introduced in February 2017, the venture investment program was launched to collaborate with “revolutionary technologists” working to change the face of fintech. According to the announcement, the venture is seeking investment opportunities and partnerships across fintech, including blockchain,  machine intelligence, data analytics, and cloud.

Launched in 1971, as the first electronic stock exchange, Nasdaq has remained one of the world’s leading providers of technology services to capital markets. As per Nasdaq President and CEO Adena Friedman, the exchange plans to keep the tradition alive by investing in cutting-edge fintech firms:

“Investing in pioneering fintech firms, who are developing unique technologies, continues our history of being a platform and partner of choice for the most innovative companies in the world. In addition, through this program we plan to accelerate the pace of innovation to ensure our clients continue to benefit from the technologies that are reshaping the capital markets.”

All potential investments will range from $1M to $10M and will include seed to late-stage venture rounds. In addition, each investment will work to support Nasdaq’s “core business strategies and mission.” ETHNews reached out for further comment, but Nasdaq is not providing any specifics outside the scope of the release at this time. However, according to its website, Nasdaq Ventures will focus on following types of fintech companies:

  • Digital transfer/payment/transaction processing 
  • Machine and Artificial Intelligence 
  • Emerging and Frontier Marketplaces 
  • Data and Analytics

Potential blockchain start-up collaborators should take into consideration Nasdaq’s most recent partnerships that are developing on blockchain technology for assets, E-Voting, and advertising.

To date, Nasdaq has been a proactive supporter of fintech innovation, especially blockchain technology, and firms that utilize it. Given Nasdaq’s reputation in the financial sector, Nasdaq Ventures could facilitate an influx of innovation not just in America, but in a number of countries as well. As Friedman said:  

“With the launch of our new venture investment program, we are reinforcing our focus on driving growth and innovation by evaluating, distributing, licensing and integrating disruptive technologies for the long-term benefit of our global clients.”

Dan is a US Army veteran and Los Angeles-based writer passionate about science and technology, current events, human rights, economic impacts, and strategic calculus. Dan is a full time staff writer for ETHNews.
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