Nasdaq, the second-largest stock exchange in the world is partnering with investment management firm VanEck to bring a host of new cryptocurrency financial products to market, Coindesk reported.
“What I’d like to point out is we ran a few extra miles working with the Commodity Futures Trading Commission to bring about new standards for custody and surveillance,” – he said.
According to Gurbacs, these futures products could be thought of as an “upgrade” to current regulatory standards that surround bitcoin futures products.
By leveraging Nasdaq’s stock markets surveillance system, called SMARTS, as well as the trusted pricing benchmarks provided by MVIS, the aim is to “inspire confidence with regulators and institutions trying to get involved in the crypto markets,” according to Gurbacs.
Gurbacs didn’t disclose whether the anticipated bitcoin futures product between Nasdaq and VanEck’s price indexing arm MVIS would be cash-backed. Representatives at Nasdaq also declined to comment further on the matter.
Earlier Coinstelegram reported that, according to Bloomberg, Nasdaq plans to list Bitcoin futures in Q1 2019.