Nasdaq is set to unveil its new blockchain-based platform, which will facilitate share transfers and sales on its private market.
The firm's demonstration of the new platform is expected to take place at the Money 20/20 event in Las Vegas today.
A company-issued statement said Nasdaq Linq – first announced in May – would include Chain, Change Tip, PeerNova, Synack, Tango and Vera as its first private company clients.
Bob Greifeld, Nasdaq CEO, said in a statement:
The platform was developed by Nasdaq's in-house technologists in collaboration with blockchain technology startup Chain – which recently closed a $30 million funding round with support from Visa – and contributions from global design and innovation firm Ideo.
Adam Ludwin, Chain CEO, said: "We are excited to leverage Nasdaq Linq to issue and manage our company's securities in a more efficient and transparent way."
The news comes after Fredrik Voss, vice president and head of blockchain strategy at Nasdaq, spoke to CoinDesk about the group's crypto-related strategies earlier this month.
Nasdaq image via Shutterstock.
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