Nasdaq will integrate Talos’ digital asset infrastructure into its Calypso and Trade Surveillance platforms. The move aims to bring tokenised collateral into mainstream institutional workflows.

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The announcement follows the U.S. Securities and Exchange Commission’s approval of Nasdaq’s proposal to pilot trading in tokenized versions of equities and other securities.

The plan, submitted in September, would allow certain widely traded stocks to be bought and sold either in traditional form or as blockchain-based tokens on the same platform. The pilot will involve the Depository Trust Company, which provides post-trade infrastructure for U.S. markets.

Integration Connects On- and Off-Chain Markets

The collaboration seeks to address long-standing challenges in connecting digital assets with traditional collateral and risk management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term systems.

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Under the agreement, institutions will be able to manage both on- and off-chain collateral in a single environment.

The integration combines Talos’ digital asset capabilities with Nasdaq’s Calypso platform, which is widely used for margin, risk, and collateral management across traditional asset classes.

The integration is expected to provide a more consistent view of exposure across asset types and extend connectivity Connectivity Connectivity is defined as a term used for connecting devices to each other. In most cases, this refers to computer networking and more specifically includes bridges, routers, switches, gateways, and service as well as local networks. Connectivity can refer to simple forms, such as connecting a home or office to the internet or even connecting a digital camera to a computer or printer. Connectivity in FinanceConnectivity has taken on new meaning with the growth of fintech and Big Data collectio Connectivity is defined as a term used for connecting devices to each other. In most cases, this refers to computer networking and more specifically includes bridges, routers, switches, gateways, and service as well as local networks. Connectivity can refer to simple forms, such as connecting a home or office to the internet or even connecting a digital camera to a computer or printer. Connectivity in FinanceConnectivity has taken on new meaning with the growth of fintech and Big Data collectio Read this Term to custodians and trading venues across both traditional and digital markets.

Roland Chai, executive vice president at Nasdaq, said: “This partnership builds on a series of strategic initiatives designed to converge on- and off-chain market ecosystems, while preserving the liquidity, transparency and integrity of regulated markets.”

Trade Surveillance Extended to Digital Assets

The collaboration also targets fragmentation in collateral and risk workflows, providing institutions with a unified framework as they scale tokenisation strategies.

Anton Katz, co-founder and chief executive of Talos, said: “The evolution toward tokenised collateral is a natural progression for institutional capital markets. Firms can connect workflows for execution, risk, collateral and compliance to reduce operational friction across both on- and off-chain asset classes.”

As part of the partnership, Talos clients will gain access to Nasdaq’s Trade Surveillance platform, extending institutional-grade monitoring to digital asset trading activity.