According to BlockBeats, Nasdaq has shifted its focus to tokenized US Treasury bonds after abandoning its plans to become a cryptocurrency asset custodian. This move, however, has been met with dissatisfaction due to the slow progress of the project, leading to the departure of several members of the company's digital assets team.
In July last year, Nasdaq announced that it was halting its application to become a cryptocurrency asset custodian due to regulatory uncertainty in the United States. An informed source revealed that the company subsequently quietly shifted its focus to the popular field of tokenized Treasury bonds. However, the slow pace of Nasdaq's expansion in this area has led to dissatisfaction among team members.
Reports suggest that some members have moved to other companies that are expanding more rapidly in the cryptocurrency field. The exact number of departures and the situation regarding layoffs is currently unclear.