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As Forbes reports, in May Nasdaq became the first established financial services company to announce a real-life test using Bitcoin technology.
With Chain.com as its partner, Nasdaq plans to go live in November with blockchain trading of shares of pre-IPO private companies like Uber and Airbnb. But that’s only the beginning. Says Nasdaq Chief Executive Bob Greifeld, “[Blockchain] is the biggest opportunity set we can think of over the next decade or so.” Nasdaq is hardly alone. Citigroup C -2.00%, Visa V -1.45%, Barclays , Bank of New York Mellon and UBS are among those moving to test blockchain technology. Meanwhile, the New York Stock Exchange, Goldman Sachs, USAA and BBVA have all invested in Bitcoin startups. Their dollars have helped make Bitcoin among the fastest-growing areas of startup investment, with $375.4 million committed in just the first half of 2015, compared with $339.4 million for all of 2014, CB Insights reports. ... Comments are closed.
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