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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