Nasdaq CEO Outlines 3 Ways Blockchain Can Fix Finance

Nasdaq CEO Adena Friedman discussed how blockchain technology could transform three critical areas in finance during the Swell conference in New York. Firstly, she emphasized the potential to streamline outdated post-trade systems, which often lead to trapped capital. By unifying and modernizing these workflows, inefficiencies could be reduced, facilitating faster financial activity. Secondly, Friedman highlighted the need for improved collateral mobility. She believes digital assets could enhance the transfer of collateral across platforms, thus freeing significant capital tied up in clearinghouses. Lastly, she addressed payment systems, describing current infrastructure as a bottleneck. By leveraging blockchain, payments could become faster and more seamless, enabling greater investor access to global markets. Friedman clarified that Nasdaq aims to enhance the existing U.S. equity markets rather than replacing them, and that initial tokenized functions may expand to fundamentally change how securities are traded and issued.

Source 🔗