According to Bloomberg, the operator of the stock exchange, Nasdaq, abandoned its plans to launch a digital asset custody business in the United States in July this year, but the company continues to expand its technology services related to tokenized assets.
Tal Cohen, co-president of Nasdaq, stated in an interview with Bloomberg that as regulators attempt to separate the U.S. financial system from cryptocurrencies, Nasdaq and other mainstream financial companies have scaled back their ambitions in the digital asset space. Nasdaq stated earlier this year that despite ceasing efforts to obtain licenses related to the business, it will continue to expand its technology for handling cryptocurrencies for customers.