What to know:
- Nasdaq and Talos unite to bring crypto into Wall Street’s core systems
- Institutions can now manage Bitcoin alongside stocks using one unified platform
- Tokenization push signals crypto and traditional finance are merging faster than ever
Nasdaq expanded its crypto infrastructure strategy on Monday, March 23, 2026, through a partnership with Talos. The deal connects crypto trading tools with Nasdaq’s systems for risk, collateral, and surveillance across financial markets.
According to Monday’s announcement, the partnership will enable Talos’ customers to connect crypto trading tools to Nasdaq’s platforms. These customers include hedge funds, asset managers, and retail brokers using systems for risk, collateral, and surveillance.
This will allow them to use the same systems they currently use to manage their digital assets along with their equities and bonds. Additionally, Talos’ clients using the Calypso system will be able to utilize Nasdaq’s margin and collateral management tools.
This development demonstrates an increasing desire among institutional investors to integrate digital assets into the larger traditional financial ecosystem.
Nasdaq and Talos Advance Crypto Infrastructure for Institutions
According to Bloomberg’s report, Monday’s announcement represents a much closer relationship between traditional finance and digital asset markets. It also indicates growing institutional interest in crypto infrastructure.
“Crypto shouldn’t exist outside of the broader financial systems,” said Anton Katz, CEO of Talos. “We believe that all of our institutional clients would like to have unified trading and compliance workflows.”
Roland Chai, Head of Digital Assets at Nasdaq, stated that he believes Nasdaq sees a “clearly accelerating” adoption rate of cryptocurrencies in institutional markets. He added that the firm recognizes the necessity of a robust crypto infrastructure that can provide support for both risk management and compliance.
The integration of Talos’ crypto workflows into Nasdaq’s banking and brokerage systems will allow institutional traders to manage their crypto holdings and those of their customers side-by-side with their equities and bond portfolios.
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Tokenization Drives 24/7 Market Evolution
In addition, Nasdaq and other exchanges are examining ways to extend trading hours through the application of tokenization. Tokenization is the process of converting real-world assets into digital tokens on a blockchain. Tokenized assets are intended to be tradable in a manner similar to cryptocurrencies. Rather than being issued as securities or commodities, they represent ownership interests in a physical asset.
Tokenization could create a 24-hour market, where trading occurs continuously, just like in cryptocurrency markets. It could also increase liquidity in tokenized assets by providing continuous buying and selling opportunities.
In addition to creating continuous markets for tokenized assets, the cost of transactions may be lower due to reduced settlement times. The New York Stock Exchange (NYSE) is building a blockchain platform to support trading in tokenized stocks and exchange-traded funds.
Nasdaq is also developing tokenized equity structures, but these will give issuers more control over their securities. Nasdaq was granted regulatory approval last month by the U.S. Securities and Exchange Commission (SEC) to begin supporting trading in tokenized securities.
This approval marks the first time that a U.S.-based stock exchange has been given permission to support trading in tokenized securities. Nasdaq is currently working with Kraken’s parent company to establish gateways for trading tokenized equities.
Such gateways will help link regulated and on-chain markets. They will also help create additional liquidity in tokenized assets by making it easier for institutional traders to purchase and sell tokenized equities.
Institutional Confidence in Crypto Providers Grows
Talos recently closed a fundraising round that brought the company’s total funding to $150 million. This latest round included investments from several large financial services companies, including Bank of New York Mellon (BNY) and Fidelity. The total valuation of Talos is now around $1.5 billion.
Institutional investors continue to show strong confidence in crypto infrastructure providers. These are providers that deliver products and services to meet the needs of institutional traders.
The partnership between Nasdaq and Talos is part of a larger trend toward greater convergence between traditional finance and cryptocurrency markets. Exchanges such as Nasdaq and NYSE are racing to build out their crypto infrastructure and integrate it into their core market operations.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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