"Nasdaq OMX Group Inc. has named San Francisco-based startup Chain as its partner for a pilot, announced in May, to test Bitcoin technology for the trading of shares in private companies.
Founded in 2014, Chain provides infrastructure to financial institutions wanting to use the blockchain, which is the technology underlying the digital currency Bitcoin, in their products and services. The blockchain enables entities to digitally transfer money and other assets directly, securely and near instantaneously.
Nasdaq will be testing the blockchain in Nasdaq Private Market, which is a marketplace for pre-IPO trading of shares in private companies; launched in January 2014, it so far has more than 75 clients.
”We are excited about the potential impact of this new endeavor with Chain on the transaction process,” Bob Greifeld, CEO of Nasdaq, said in a statement, adding that the manual process of tracking shares can be overwhelming. “As blockchain technology continues to redefine not only how the exchange sector operates, but the global financial economy as a whole, Nasdaq aims to be at the center of this watershed development,” he said."
http://www.forbes.com/sites/laurashin/2015/06/24/nasdaq-selects-bitcoin-startup-chain-to-run-pilot-in-private-market-arm/?utm_campaign=Forbes&utm_source=TWITTER&utm_medium=social&utm_channel=Investing&linkId=15095388NASDAQ is finally coming to terms and joining the bitcoin blockchain. This has just started. So many good news lately pulling up. It's only a matter of time until it starts translating into the price. Just relax and get comfy in your long travel as you hold.
