Symbiont co-founder and CEO Mark Smith's comments hint at future plans. He says the investment is a "huge opportunity to be able to go all over the globe with Nasdaq." And to provide ways to "buy and transact new types of instruments" with Symbiont's smart contract technology.
London Stock Exchange and UK financial regulators are working on finalizing a regulatory compliant platform for tokenized corporate equity.
Only a matter of time before NYSE and NASDAQ start supporting tokenized securities too.
Furthermore, not only are there rumors that Nasdaq will make a move to securities token offerings. Nasdaq is also working with VanEck on plans to bring more bitcoin-based futures to the US market in early 2019. There is a delay for these plans while Nasdaq and VanEck negotiate with the Commodity Futures Trading Commission (CFTC). And, the CFTC is feeling the effects of the partial US federal government shutdown.
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