The recent news of Nasdaq retracting its plans to launch a cryptocurrency custody service has ignited discussions on the challenges surrounding custody within the context of regulatory demands.
Nasdaq, a prominent player in the tech-forward U.S. stock exchange arena, was gearing up to introduce a cryptocurrency custody service regulated as a special purpose trust. However, the cancellation of this initiative came as a surprise blow, especially considering the recent surge of institutional interest in crypto assets, as CoinDesk deputy editor Daniel Kuhn noted.
This development draws attention to the existing regulatory landscape in the crypto space and underscores the complexity of the roadblocks that even financial giants like Nasdaq encounter while attempting to build in the industry. The company’s decision not only highlights the shifting regulatory environment but also raises questions about the future of crypto custody services.
To delve deeper into the intricacies of crypto custody and the implications of such developments, the session "The Nuts and Bolts of Custody, Self Custody and Wallet Security" at State of Crypto will offer insights from experts who are at the forefront of shaping the future of crypto custody within the bounds of regulatory considerations.
Join us at the State of Crypto event and be part of the conversation that's reshaping the future of crypto custody and regulation.