27.10.2020

Nasdaq Is Using R3’s Corda for Managing Digital Assets

The ledger technology is integrated with the Nasdaq Financial Framework, which also connects to several other capital markets services including matching engines, surveillance, data discovery and reporting services. 

The Nasdaq stock exchange has partnered with R3 to offer a platform for digital asset marketplaces on the Corda blockchain, the companies announced Wednesday.
Capital markets participants can now use Corda to support the issuance, trading, settlement and custody of digital assets, said Johan Toll, Nasdaq’s head of digital assets.

“The relationship with R3 plays an important role in Nasdaq’s development of solutions that support the creation of dynamic and trusted digital asset marketplaces,” Toll told CoinDesk in an email. “R3’s Corda platform is designed specifically for highly-regulated environments, and their platform fits well into our technology ecosystem.”

Nasdaq Lists an AI-Powered Index of Crypto Market’s Top 100 Performers

The Nasdaq stock exchange has listed an index of crypto’s top 100 coins alongside traditional market bellwethers like the S&P 500 and the Dow.

Powered by artificial intelligence, the CIX100 is designed by Cryptoindex.com to give Wall Street traders a quick and comprehensive view of the crypto markets’ real-time performance, the company said.

The index had previously been listed by Reuters, Bloomberg and Tradingview.

And it works without human intervention, according to Cryptoindex.com. The index’s “Zorax” algorithm trawls through data from over 1,800 tokens to develop a live account of the marketplace, free of inflated offerings.

“We make sure our index includes only [coins] that have no fake volume, have no manipulation, that come from scrupulous companies,” Cryptoindex Project Manager Kirill Marchenko told CoinDesk.

The CIX100 does so with layers of neural networks, benchmarks and other features,  Marchenko said. Coins must remain among the top 200 by market cap for at least three months to be considered by the AI.

The listing is another sign of crypto’s march toward the mainstream.

“We’ve become a more accessible and convenient financial instrument for all types of investors, not only professional,” Marchenko said.

Nasdaq Lists New Decentralized Finance Index Including MakerDao, 0x, Augur

Nasdaq has added a new index that aims to offer the markets information on blockchain projects working in the decentralized finance (DeFi) space.

Called Defix, the index was launched by the London-based Exante brokerage – an early mover in the crypto industry that launched a bitcoin fund in 2012. Offered as a means for investors and traders to track “popular” defi-focused blockchain tokens, Defix lists projects including MakerDao, Augur, Gnosis, Numerai, 0x and Amoveo.

The index is listed by NASDAQ under the ticker DEFX, and can also be tracked on TradingView and Google, with a listing on Yahoo Finance planned in the future.

The news marks the latest index to be added by Nasdaq to inform its users. This year so far, the U.S. stock exchange has added dedicated indices for bitcoin, ether and XRP,  as well as a wider crypto reference index from CryptoCompare.

This autumn, Exante is also to launch a fund based on the Defix index, saying it will be offered through a “secure, financially accredited agency.”

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