The Reality Shares Nasdaq Blockchain Economy Index looks to provide an ETF that tracks the growth and development of companies implementing blockchain solutions; they filed for the ETF with the SEC on November 2nd; “The collaboration between Nasdaq and Reality Shares represents a tangible way to track the growth of an industry that may revolutionize the way commerce is conducted, and yet is still in its infancy,” said Fredrik Voss, Vice President of Blockchain Innovation at Nasdaq. Source.
SoFi raised $2.4 billion in cash as part of the merger deal and the company said it will use the proceeds to “fuel growth, expand its markets and develop new products.”
The next LendIt conference is just over a month away so I wanted to give everyone an update on how...
In this conversation, we talk all things Wall Street, FinTech, and Venture Capital with Patrick Pinschmidt, who's the general partner and co-founder at MiddleGame Ventures.
More specifically, we discuss the ups and downs of sell-side research in the early 2000s, the evolution of financial technology to today’s FinTech, an insight into the Financial Stability Oversight Council at the US Treasury Department, the founding of Middlegame Ventures and its impressive investment portfolio, and the transformation of financial services fueled by the rapid innovation in FinTech.
The New York Interactive Advertising Exchange has partnered with Nasdaq to create NYIAX, a blockchain trading platform for digital advertising contracts; Nasdaq has supported the system with its trading and blockchain technology; through the system publishers and advertisers can buy, sell and re-trade digital advertising as guaranteed contracts; NYIAX says it also plans to expand trading to other advertising markets including TV, print and radio. Source
Nasdaq Vice President Fredrik Voss is optimistic about the use of blockchain in capital markets trading; according to Cointelegraph, stock market transactions and the core premise of blockchain are compatible making stock market trading ideal for blockchain integration; blockchain technology could help with a number of trading factors including transparency and efficiency; according to Voss, blockchain technology is helping industry trading specialists to look at some of the market's trading problems with new options and solutions from blockchain's capabilities; while he is optimistic, Voss also says, "There is a long way to go before we see a very wide scale adoption of the technology in capital markets, but it looks more promising now than we thought three years ago." Source
While crypto markets have shook up the traditional financial world they are still vulnerable to market manipulation; recently crypto exchanges...
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Nasdaq recently invited the LendIt team to ring the opening bell to highlight LendIt USA 2015. Yesterday, co-founders Peter Renton and...
I look at the similarities between the NYSE building out direct listing products to augment or replace IPOs, and Central Banks considering launching consumer-facing digital currencies. In each case, the value chain of the respective financial sector is compressing, as the underlying manufacturers of financial product move closer to the consumer. I also highlight how a few blockchain-native alternatives to trading and rebalancing software are developing, and the reasons to get excited about things like Set, Uniswap, and Aragon.
Crypto exchanges have had a hard time gaining access to big time money from Wall Street because they are perceived...