With a commitment to accelerating the pace of innovation, the program formalizes Nasdaq’s investments in financial-technology startups, like blockchain infrastructure provider Chain.com and machine intelligence company Digital Reasoning.
The company is best known for manning stock exchanges around the world, but is also one of the largest technology providers in trading. This being said, Nasdaq was one of the earliest supporters of blockchain. Initial areas of the program’s focus not only include blockchain, but also machine learning; artificial intelligence; emerging and frontier marketplaces; and next generation data, analytics, and content aggregation.
Nasdaq is not the first financial organization to set up a venture arm to stay competitive–JPMorgan Chase & Co (JPM.N) , Citigroup Inc (C.N), and Banco Santander SA (SAN.MC) have similar programs. However, when it comes to developing technology faster, Nasdaq would go above and beyond investment dollars, according to an anonymous source interviewed by Reuters.
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