The cash-settled, European-style contracts will trade under the ticker QBTC on Phlx, but still require CFTC approval before trading can begin. The Securities and Exchange Commission has approved Nasdaq’s proposal to list cash-settled Bitcoin index options on the Philadelphia Stock Exchange. The options are European-style contracts tied to the Nasdaq Bitcoin Index, a benchmark that tracks one one-hundredth of the CME CF Bitcoin Real Time Index, which updates with data from major cryptocurrency exchanges every 200 milliseconds. The approval was granted on an accelerated basis and published Friday on the SEC’s website. The new contracts are cash-settled, meaning holders receive the difference between the Bitcoin spot price and the strike price at expiration. Unlike options on spot Bitcoin ETFs, there is no physical Bitcoin involved and no risk of early assignment, offering traders an alternative way to bet on the price of the cryptocurrency. Read more
New markets will let users trade on fundraising, valuation and other startup milestones using data from Nasdaq Private Market, extending forecasting into private capital. Polymarket has launched a new category of prediction markets tied to private companies, allowing users to trade on questions related to pre-IPO companies — a move that could bring greater price discovery to private markets, where valuation data is often limited and opaque. The new offering, announced Tuesday, was developed in partnership with Nasdaq Private Market, a platform that facilitates secondary trading in shares of privately held companies. Nasdaq Private Market will provide the underlying data and market infrastructure for the contracts. The markets are designed to reflect expectations around events such as fundraising rounds, valuation changes and other corporate milestones involving startups and late-stage private companies. The launch expands Polymarket’s product lineup beyond its core markets focused on politics, macroeconomic e...
EUR 1 billion note programme planned for 2026 following completion of global issuance infrastructure by the end of Q3 2026. EUR 1 billion note programme planned for 2026 following completion of global issuance infrastructure by the end of Q3 2026. STOCKHOLM & RIGA — May 14, 2026 — Deploi, the institutional infrastructure layer for digital private credit, today announced the launch of its direct issuance framework on Polygon, following ISIN allocations from Nasdaq CSD for its inaugural UK Consumer Credit Notes. The first issuance, Series 2026/CON/001, enables regulated digital debt issuance for consumer credit assets, with individual notes of up to EUR 5 million. The issuance forms part of Deploi’s EUR 1 billion note programme for 2026, with planned expansion capacity of up to EUR 5 billion following the expected completion of its global issuance infrastructure by the end of Q3 2026. Read more
The contracts will offer regulated exposure to multiple cryptocurrencies through standard and micro-sized futures products, according to the company. CME Group, the company behind the world's largest financial derivatives exchange, plans to launch the Nasdaq CME Crypto Index futures, a cryptocurrency futures index featuring exposure to seven digital assets in a single contract, on June 8. The new Nasdaq CME Crypto Index futures will track a market-cap weighted basket of cryptocurrencies, including Bitcoin (BTC), Ether (ETH), Solana (SOL), XRP (XRP), Cardano (ADA), Chainlink (LINK) and Stellar (XLM), according to Thursday's announcement. Read more
Shares of the European crypto asset manager are set to start trading today, marking a venue shift as digital asset companies navigate a weaker market backdrop. CoinShares, a European-based digital asset manager, is slated to make its US public markets debut today following the completion of a special purpose acquisition company (SPAC) merger, highlighting the crypto industry’s deepening ties with public markets. The company announced Wednesday that it had finalized a previously announced business combination with Vine Hill Capital Investment Corp., resulting in the formation of a new holding entity, CoinShares PLC. The combined company begins trading on the Nasdaq on Wednesday under the ticker symbol CSHR. The transaction, first unveiled in September, values CoinShares at approximately $1.2 billion and includes a $50 million capital commitment from institutional investors. Read more
Tokenized stocks could shift trading beyond US exchanges, raising the risk of price gaps and fragmented markets, according to TD Securities. Nasdaq’s push to bring tokenization into capital markets could lead to a dual-market structure in which traditional US exchanges operate alongside blockchain-based trading venues, according to TD Securities — a shift that could split trading activity and lead to price differences across platforms. In a recent note, Reid Noch, vice president of US equity market structure at TD Securities, pointed to plans by Nasdaq and the New York Stock Exchange to introduce tokenization into alternative trading systems (ATS), a type of venue that matches buyers and sellers outside traditional exchanges. While both exchanges are exploring tokenization, Noch said Nasdaq is pursuing three parallel initiatives: upgrading how trades are settled after execution, enabling companies to issue tokenized shares and supporting trading on offshore platforms such as Kraken. Read more
Nasdaq is wiring its collateral and surveillance systems into Talos’s institutional trading stack to target a $35 billion “trapped” collateral problem. Nasdaq will integrate its Calypso risk and collateral platform and trade surveillance system with digital asset infrastructure firm Talos’s institutional trading tools. The integration announced Monday aims to offer institutional clients a “unified” workflow for managing tokenized collateral and monitoring crypto and traditional assets for market abuse. It aims to ease a bottleneck in institutional tokenization, with Nasdaq citing internal research that roughly $35 billion in collateral sits tied up in “corrective and non-interest-bearing measures.” Nasdaq’s integration of its trade surveillance tools means that Talos clients will be able to run alerts for opaque tactics such as wash trading, spoofing and layering across the venues they access. Read more
Crypto wealth manager Abra plans a Nasdaq debut through a SPAC merger, joining a growing wave of digital asset companies tapping public markets for capital. Digital asset wealth management platform Abra is going public through a reverse merger with special purpose acquisition company New Providence Acquisition Corp. III, marking the latest attempt by a crypto company to access public markets as investor interest in the sector rebounds. On Monday, Abra announced that it had signed a definitive agreement with the blank-check company, or SPAC, valuing the crypto wealth manager at a pre-money equity valuation of $750 million. Existing investors, including Pantera Capital, Blockchain Capital, RRE Ventures, Adams Street and SBI, will roll over their shares into the combined entity rather than cashing out. Read more
The partnership aims to reduce fragmentation in European capital markets by enabling blockchain-based settlement of tokenized securities. Nasdaq said it is working with Boerse Stuttgart Group’s tokenized settlement platform Seturion to connect its European trading venues to infrastructure designed to settle tokenized securities using distributed ledger technology. According to Monday’s announcement, the collaboration will initially focus on structured products and aims to support faster settlement of tokenized assets across European capital markets. Seturion supports multiple asset classes across public and private distributed ledger networks and allows transactions to be settled using either central bank money or on-chain cash. Boerse Stuttgart said the platform is intended to be open to a broader network of financial institutions across Europe. Read more
Nasdaq and Kraken will enable tokenized equities to move between regulated and onchain markets while preserving issuer rights and regulatory compliance. Nasdaq, the world’s second-largest stock exchange by market capitalization, is expanding its push into tokenized equities through a partnership with crypto exchange Kraken and its infrastructure affiliate Backed. The exchange said Monday it plans to support equity tokenization in a way that preserves issuer control, as it looks to connect traditional market infrastructure with blockchain-based networks. Nasdaq has partnered with Payward, Kraken’s parent company, and its subsidiary Backed, the issuer behind xStocks, to develop an equities transformation gateway. Read more
The blank-check company has yet to name an acquisition target, but the listing creates a new public vehicle tied to the US-based crypto exchange. Kraken-backed KRAKacquisition Corp has completed an upsized $345 million initial public offering, listing its special purpose acquisition company units on Nasdaq to pursue future mergers or acquisitions. According to a Friday announcement, the special purpose acquisition company (SPAC) sold 34.5 million units at $10 each, including the full exercise of the underwriter’s over-allotment option. Each unit consists of one Class A ordinary share and one-quarter of a redeemable warrant exercisable at $11.50 per share. The units began trading on the Nasdaq Global Market under the ticker symbol KRAQU on Wednesday. Read more