Nasdaq will put Daml apps on platform for new types of assets

Digital Asset announced a a partnership with Nasdaq to enable Daml-driven applications on the exchange’s Marketplace Services Platform (MSP). There’s also an opportunity for Nasdaq and its customers to build application logic in Daml to manage new types of assets, such as ESG certificates, real estate, precious metals and more as part of the platform, which is a DLT-agnostic offering aimed at providing its clients with the ability to manage the full lifecycle of digital assets.

“The partnership with Digital Asset is another step forward in Nasdaq’s journey to create a dynamic marketplace that supports all kinds of markets worldwide,” said Johan Toll, head of Digital Assets in the Market Technology division at Nasdaq, in a statement. “While Daml has a strong foundation in capital markets, we see opportunities for this technology in similar types of non-financial markets where supply and demand needs to be matched and later settled in blockchain or other platforms.”

Launched in 2020, Nasdaq’s MSP is a software-as-a-service (SaaS) platform for exchanging digital assets, services and information in the cloud. Built on top of Nasdaq Financial Framework’s high-performance, low-latency foundation, it provides access to services covering the transaction lifecycle, including the issuance of assets and trading through pre-trade risk management, market surveillance and efficient digital settlement.

Digital Asset’s exchange client base includes the Australian Securities Exchange, Hong Kong Exchanges and Clearing, Singapore Exchange, and most recently, Xpansiv, an ESG commodity trading platform, among others.


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