- Nasdaq has integrated blockchain technology from the Canton Network into its Calypso platform to automate margin and collateral management 24/7.
- The collaboration was developed with QCP, Primrose Capital Management, and Digital Asset.
- The upgrade allows real-time movement of capital and margin management across both traditional and digital assets, such as crypto derivatives and fixed income products.
- Digital Asset has major clients like Broadridge and Equilend already using Canton for collateral management solutions.
- The new system highlights increased industry interest in blockchain for institutional collateral mobility, with competition from networks like DTCC.
Nasdaq has linked blockchain technology from the Canton Network with its Calypso platform, making round-the-clock and automatic margin and collateral management possible. The development is the result of a partnership among Nasdaq, QCP, Primrose Capital Management, and Digital Asset. The integration aims to improve the speed and flexibility of moving collateral for institutional investors.
The upgrade solves common delays in asset settlement, which often take a day or more using traditional tools. The new technology supports real-time capital transfers and margin management across a variety of asset types, including crypto derivatives, fixed income products, and over-the-counter derivatives. Calypso, Nasdaq’s platform for capital markets and treasury solutions, will now feature automated workflows for both traditional and digital assets.
“Automating collateral management on-chain allows us to offer our clients enhanced security, better pricing, and the ability to deploy capital 24/7 across both traditional and digital assets,” said Melvin Deng, CEO of QCP.
Digital Asset, developer of the Canton Network, has focused on blockchain-based collateral management for several years. Current users include Broadridge, which runs an intraday repo solution handling about $1.5 trillion in transactions every month, and Equilend, the top securities lending platform, which is building its 1Source system with Canton technology.
When Digital Asset introduced Canton Network, the main pilots involved tokenized collateral, a method that turns real-world assets into digital representations. Earlier this year, Euroclear revealed that it had begun trials using tokenized collateral through Digital Asset’s system. The blockchain market is seeing increased competition, with DTCC planning a similar tokenized collateral network that is expected to work alongside Canton. DTCC’s participation in Digital Asset’s $135 million funding round points to possible collaboration in the future.
For more on these developments, see the Nasdaq Calypso page.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
Previous Articles:
- Pepe Meme Coin Drops 4.7% as Investor Interest Fades Further
- WhatsApp Rolls Out AI Message Summaries with Advanced Privacy
- Opyl Turns to Bitcoin Treasury as Cash Crisis Deepens
- Theta Network Launches EdgeCloud Beta, Unveils Hybrid GPU Platform
- Australian Police Crack Down on Crypto ATM Scams, Contact 90 Users
