Nasdaq, After Pivoting Crypto Ambitions to Tokenized T-bills, Sees Staffers Exit Amid Delays: Sources

Nasdaq, After Pivoting Crypto Ambitions to Tokenized T-bills, Sees Staffers Exit Amid Delays: Sources


Stalled or canceled cryptocurrency projects at Nasdaq – including a previously unreported effort to tokenize U.S. Treasury bills – have led to members of the exchange giant’s digital assets team no longer working at the company, according to three people with knowledge of the matter.

In July, Nasdaq announced it would stop trying to become a licensed custodian of crypto or digital assets, blaming regulatory uncertainty in the U.S.

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