After tokenization, Nasdaq eye on bitcoin and ethereum indices

We’ve already reported Nasdaq’s initiatives in tokenization business in our recent posts. Symbiont, a blockchain technology company, raised by a round of funding about $20 million that has been led by Nasdaq.

The company, who is in the business of developing distributed ledgers and smart contracts for the capital markets’ operations. The two companies have partnered to bring compliant security tokens to the United States. That is how Nasdaq is intending to access the gamut of blockchain driven-securities. While XBT Provider unveiled an Ethereum ETNs on Nasdaq in Stockholm.

Nasdaq is, also in collaboration with Overstock, to develop security token platforms, they have unveiled tZERO, that is onboard with some features intending to become the first US regulated exchange to issue and trade security tokens on the blockchain.

The NASDAQ has now made an announcement to unveil two new indices, namely, Bitcoin Liquid Index (BLX) and the Ethereum Liquid Index (ELX) likely to provide a real-time spot or reference rate for the price of 1 BTC and 1 ETH, denominated in USD.

NASDAQ has also joint-ventured with VanEck to launch a regulated crypto 2.0 futures-type contract to the market in 2019.

Currency Strength Index: FxWirePro's hourly BTC spot index is inching towards -25 levels (which is mildly bearish), while hourly USD spot index was at 32 (mildly bullish) while articulating (at 05:31 GMT). 

For more details on the index, please refer below weblink: http://www.fxwirepro.com/currencyindex