US stock exchange firm Nasdaq has announced the launch of Nasdaq Ventures; Nasdaq Ventures will be a venture capital investment unit of the firm; the business will focus on discovering, investing in and partnering with fintech companies globally; the business unit plans to make minority stake investments of $1 million to approximately $10 million in companies at all stages of development. Source
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...
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
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.
In this conversation, we talk with Paul Rowady, who is the Director of Research for Alphacution Research Conservatory. Paul has a deep background in capital markets, derivatives, and the macro structure of the industry. He has been uncovering the transformation of that structure with data driven analyses, making visible the economics of market makers like Citadel and retail order flow aggregators like Robinhood. This is a rich discussion of what trading stocks is really like. And make sure to check out Alphacution.
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