Nasdaq Calypso is the platform banks, brokers and funds use to manage risk, margin and collateral; on 26 June 2025 Nasdaq said it had run end-to-end margin and collateral workflows on the Canton Network and connected the network to Calypso, in a use case built with QCP, Primrose Capital Management and Digital Asset. The stated goal is automated 24/7 margin and collateral management across crypto derivatives, fixed income, exchange-traded derivatives and OTC derivatives, so that collateral pledged at one venue can be recalled and redeployed at another instead of sitting idle.
Nasdaq's second Canton-adjacent line is its Marketplace Services group, which has been able to run Daml-driven applications since a June 2021 partnership with Digital Asset. The Canton ecosystem catalogue says that group uses Daml smart contracts for an onchain carbon credit trading solution; Puro.earth appears in the same catalogue as a client of it, issuing and registering CO2 removal certificates.
On Canton: Nasdaq (Nasdaq: NDAQ) operates exchanges and also sells the software other financial institutions run their markets on.
Nasdaq is listed on Canton as application.
On Canton, Nasdaq sits in the Liquidity, Exchanges category.
Nasdaq is listed on Canton as application, categorized under Liquidity, Exchanges.
Perpetual markets for stocks, gold, indices and pre-IPO names — settled on-chain, no wallet-to-exchange transfers.
