Nasdaq Blockchain: new investments in more startups

Nasdaq Blockchain: new investments in more startups

Nasdaq Blockchain – related venture initiatives include new investment in distributed ledger based startups.

Today Nasdaq Ventures announced it has decided to invest in startups and companies that work with blockchains and/or artificial intelligence, next-generation data analysis and machine learning.

Nasdaq Blockchain budget is $10m to be awarded to deserving startups that are focused on both seed-stage and late-stage placements.

This Nasdaq Blockchain effort is a natural extension of the firm’s work in the blockchain field.

Back in 2015, Nasdaq started a partnership with Chain, an enterprise-grade blockchain infrastructure that enables organizations to build better financial services from the ground up.

This effort saw the two companies develop a distributed ledger market focused on pre-IPO offerings.

President and CEO of Nasdaq, Adena Friedman, explained in a statement:

“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.”

Nasdaq has been testing the blockchain even in other areas.

In fact, back in February 2016, Nasdaq announced its blockchain tests on e-voting prototypes with Estonia’s sole securities exchange.

Also, in January, Nasdaq published a report arguing that the distributed ledger is also useful beyond transaction settlement.

Read more about Nasdaq Blockchain – related projects by clicking here.

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Amelia Tomasicchio
Amelia Tomasicchio

Amelia Tomasicchio is a content writer and marketer of Bitcoin-related news and fintech startups. She started writing about Bitcoin in 2014 and she graduated in Rome with an essay about movie industry related to Bitcoin.

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