Nasdaq will integrate Talos’ digital asset infrastructure
into its Calypso and Trade Surveillance platforms. The move aims to bring
tokenised collateral into mainstream institutional workflows.
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The announcement follows the U.S.
Securities and Exchange Commission’s approval of Nasdaq’s proposal to pilot
trading in tokenized versions of equities and other securities.
The plan,
submitted in September, would allow certain widely traded stocks to be bought
and sold either in traditional form or as blockchain-based tokens on the same
platform. The pilot will involve the Depository Trust Company, which provides
post-trade infrastructure for U.S. markets.
Integration Connects On- and Off-Chain Markets
The collaboration seeks to address long-standing challenges
in connecting digital assets with traditional collateral and risk management
systems.
Under the agreement, institutions will be able to manage both on- and
off-chain collateral in a single environment.
The integration combines Talos’
digital asset capabilities with Nasdaq’s Calypso platform, which is widely used
for margin, risk, and collateral management across traditional asset classes.
The integration is expected to provide a more consistent
view of exposure across asset types and extend connectivity to custodians and
trading venues across both traditional and digital markets.
Roland Chai, executive vice president at Nasdaq, said: “This
partnership builds on a series of strategic initiatives designed to converge
on- and off-chain market ecosystems, while preserving the liquidity,
transparency and integrity of regulated markets.”
Trade Surveillance Extended to Digital Assets
The collaboration also targets fragmentation in collateral
and risk workflows, providing institutions with a unified framework as they
scale tokenisation strategies.
Anton Katz, co-founder and chief executive of Talos, said:
“The evolution toward tokenised collateral is a natural progression for
institutional capital markets. Firms can connect workflows for execution, risk,
collateral and compliance to reduce operational friction across both on- and
off-chain asset classes.”
As part of the partnership, Talos clients will gain access
to Nasdaq’s Trade Surveillance platform, extending institutional-grade
monitoring to digital asset trading activity.
This article was written by Tareq Sikder at www.financemagnates.com.
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