According to BlockBeats, on May 15, CoinDesk quoted people familiar with the matter as saying that Nasdaq turned its focus to tokenized U.S. Treasuries after abandoning its plan to become a crypto asset custodian. However, the project progressed too slowly, causing several members of the company's digital asset team to leave. Last July, Nasdaq stopped applying to become a crypto asset custodian due to regulatory uncertainty in the United States. It is understood that the company then quietly shifted its focus to the hot field of tokenized treasuries. However, Nasdaq's expansion speed in this area has dissatisfied team members, and some members have jumped to other companies that are expanding faster in the crypto field. It is not clear how many people have left and the layoffs have occurred.