Digital Asset has teamed up with Nasdaq in order to bring Daml to the Nasdaq Marketplace Services Platform.
As mentioned in a release shared with CI, the integration of Daml with the Nasdaq Marketplace Services Platform will aim to create new opportunities for customers interested in launching digital marketplaces where Daml-driven apps may “seamlessly” extend into the Marketplace Services Platform and explore new markets
On (Friday) June 24, 2021, the team at Digital Asset confirmed that they’ll be working with Nasdaq (Nasdaq: NDAQ) “to enable Daml-driven applications on the Nasdaq Marketplace Services Platform.”
Nasdaq and Digital Asset clients will now have the option to leverage applications developed in Daml, a multi-party application platform, and link them seamlessly into the Nasdaq Marketplace Services Platform.
As noted in the announcement, Daml also presents “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 Nasdaq’s Marketplace Services Platform, a DLT agnostic offering aimed at providing its clients with the ability to manage the full lifecycle of digital assets.”
Johan Toll, Head of Digital Assets, Market Technology at Nasdaq, stated:
“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. 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.”
Established in 2020, the Nasdaq Marketplace Services Platform is a software-as-a-service (SaaS) platform for exchanging digital assets, services and information via the Cloud. Developed on top of the Nasdaq Financial Framework’s “high-performance, low-latency foundation,” the platform offers access to “functionally-robust” services covering the transaction lifecycle, which includes the “issuance of assets and trading through pre-trade risk management, market surveillance and efficient digital settlement.”
Kelly Mathieson, Chief Client Experience Officer at Digital Asset, remarked:
“Nasdaq has always been a front runner when it comes to embracing new technologies. The partnership with Nasdaq is another milestone in our journey to become the global economic network of interconnected businesses. We are excited to work with Nasdaq and explore the numerous ways Daml can add value to the growing Marketplace Services Platform.”
As noted in the update, Digital Asset’s exchange customer base reportedly includes the Australian Securities Exchange, Hong Kong Exchanges and Clearing, Singapore Exchange, and Xpansiv, an ESG commodity trading platform, among several others.