Nasdaq and Talos partner for tokenized collateral

Nasdaq and Talos partner to integrate digital asset infrastructure, aiming to unlock $35B in immobilized collateral and streamline institutional workflows for both traditional and digital assets.

Nasdaq has formed a strategic partnership with Talos to integrate Talos’s digital asset infrastructure into Nasdaq’s Calypso and Trade Surveillance platforms. This initiative aims to create a unified system for managing tokenized collateral, addressing key barriers that have limited institutional adoption of digital assets. By embedding digital instruments into existing risk management and collateral workflows, the collaboration enables real-time movement of securities and cash equivalents across platforms and jurisdictions. Tokenized collateral represents traditional financial assets on distributed ledger technology, enhancing operational efficiency. According to a recent Nasdaq report, over 25% of global collateral—more than $35 billion—is currently immobilized in non-interest-bearing processes. The partnership is expected to unlock this trapped capital, allowing institutions to manage both digital and traditional assets with greater rigor. Additionally, Talos clients will gain access to Nasdaq’s infrastructure and advanced tools for detecting market abuse across on-chain and off-chain assets. This move follows regulatory approval for Nasdaq to pilot trading in tokenized securities, signaling a growing convergence between traditional finance and crypto infrastructure.