Cryptocurrency ecosystem developer Bcause will take advantage of technology developed by Nasdaq.
The company will utilise the Financial Framework platform which Nasdaq has licensed out as an end-to-end solution for financial infrastructure providers in an “open, agile environment”.
The framework consists of a single core tying together a portfolio of Nasdaq’s proven business functionalities in an open framework so that Nasdaq’s business application can be easily integrated with each other.
Paul McKeown, Senior Vice President and Head of Marketplace Operators & New Markets at Nasdaq, said: “By leveraging the Nasdaq Financial Framework, Bcause will have the scalability and modular functionality to introduce new micro-services and expand its business offerings to meet industry demands and the evolution of the digital assets economy.”
Bcause will use the technology for its spot cryptocurrency platform, which is set to be launched on the Financial Framework by the middle of this year.