Nasdaq Stock Rises (NDAQ) the Exchange Forges Partnership with Talos to Bridge Crypto with Traditional Finance

Nasdaq (NDAQ) stock rose today after announcing that it is deepening its bet on digital assets through a new partnership with the technology firm Talos. The deal aims to connect crypto trading and risk tools with the same platforms banks and brokers already use for stocks and bonds. This move signals a major push to treat crypto as a core part of the financial system rather than a separate category.

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Nasdaq Integrates Risk Management across Markets

Through this partnership, Talos clients, which include hedge funds and retail brokers, gain access to Nasdaq’s Calypso platform. Traditional firms use Calypso to manage risk, margin, and collateral. This integration helps institutions handle digital assets using their existing workflows.

Anton Katz, CEO and co-founder of Talos, noted that the work with Nasdaq is “tangible evidence that the two worlds are starting to truly converge.” Nasdaq and Talos aim to extend compliance and trading rules into the digital space instead of treating crypto as a silo.

Exchange Operators Race for Round-the-Clock Trading

Nasdaq is not alone in this race. Competitors like the New York Stock Exchange (NYSE) (ICE) are also building blockchain-based venues to allow for 24/7 trading of tokenized stocks and ETFs. Stock exchanges want to trade at all hours. To make this possible, they are using tokenization to create digital versions of real-world assets on a blockchain.

Roland Chai, president of European market services at Nasdaq, stated in an interview that the company “is working deliberately to make sure that we are able to provide the tools and the risk management” as digital asset adoption grows.

SEC Blessing Supports New Rules for Tokenized Stocks

Earlier this month, the SEC, under Chairman Paul Atkins, gave its blessing for rules that allow stocks to be tokenized and traded on regulated venues. Nasdaq creates a token design that gives companies more control over their shares in digital form. The exchange also partners with the parent company of Kraken to create a gateway where tokenized equities move between regulated markets and on-chain platforms.

Institutional Support Drives Valuation to $1.5 Billion

Talos continues to see strong backing from major financial players. In January, the firm raised more money, bringing its total funding to $150 million and its valuation to $1.5 billion. Its investors include big names like Robinhood Markets (HOOD), BNY (BK), and Fidelity Investments (FIS). This support highlights the growing belief that the future of Wall Street involves a 24/7 ecosystem where crypto and traditional assets trade side by side.

Is NASDAQ a Good Stock to Buy?

Turning to TipRanks, Wall Street has a Strong Buy consensus rating on Nasdaq stock (NDAQ) based on 11 Buys and one Hold recommendation. The average 12-month NDAQ stock price target of $110 indicates 27.4% upside potential.

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