The Nasdaq Stock Exchange will enter the company to trade shares on DeFiChain

The stock exchange of traditional companies and blockchain technology, so far associated almost exclusively with cryptocurrencies, are no longer separate entities. All thanks to the American Nasdaq stock exchange, which joins Finnhub and Tiingo, i.e. companies that will provide services for DeFiChain. The adoption of cryptocurrencies by the mainstream financial markets is entering a whole new era.

Nasdaq has just officially announced that it is joining the international of the DeFiChain project. It has already been said that talks about a partnership are underway, under which tokenized trading in shares of the world's largest companies will be launched, based on blockchain technology. But there are a lot of such talks in the industry and not all of them, even those at an advanced stage, end with the signing of a contract. So the leaks on this subject were approached with a distance. Even when more and more details appeared in them.

Meanwhile, Nasdaq announced that it has already officially partnered with Finnhub and Tiingo, who have joined the venture to offer tokenized stocks at the base price of the largest US-listed companies. They will include securities of such famous giants as Apple, Tesla, Amazon or GameStop.

“This will open the door to trading for many who are frustrated by traditional markets. As a community, we are excited about this and we can't wait for the first deals, "he comments in an interview with Bloomberg. Julian Hosp, co-founder of DeFiChain.

How will it work?

Cryptos, a company known in the industry, will supervise the security of assets. But experts emphasize that blockchain itself is a guarantee of transaction security. The shares of the companies can be purchased for the native DeFiChain token, DFI, but also the most popular cryptocurrency on the market Bitcoin (BTC) or stablecoin USD Coin (USDC), and ultimately for virtually all existing cryptocurrencies that matter on the market.

This is another important step for the Nasdaq exchange to start the market and ensure access to it for people who have so far been out of the stock exchange for various reasons. In July, the stock exchange also merged with several private banks: SVB Financial Group, Citi, Goldman Sachs and Morgan Stanley to form a joint venture to deal with the secondary trading of private stocks. Thus, it can be seen that the development is conducted with the long-term interest in the financial markets of as many individual investors as possible in mind.

In this case, a new company will also be established, which will be spun off from the Nasdaq structures. However, the "mother" will provide all technology as well as be responsible for customer relations and the regulatory infrastructure. The new creation will focus on developing business at the intersection of traditional and decentralized finance.

Nasdaq's good financial performance

It is worth adding that recently the financial results Nasdaq can impress. For the second quarter of 2021, a 21% year-on-year increase in net revenues was shown. It looks even better when we translate it into real money: it's a staggering $ 846 million increase in revenues.

Furthermore, as much as $ 104 million (or 15%) of net revenue is due to organic growth, and $ 27 million has been added to account for the revenue from Verafin, which Nasdaq acquired in the first quarter. Only $ 16 million in revenue is driven by favorable currency movements.

For less informed investors, this combination may seem a bit strange, because Nasdaq is associated primarily with the operation of one of the largest stock exchanges in the world. In fact, however, the company is also massively active in other areas of financial services. And it just wants to extend it to the technology of the future - i.e. blockchain and tokenization.