Nasdaq's move to tokenized treasuries is slow, and some crypto team members have left

After abandoning its plan to become a crypto asset custodian, Nasdaq has shifted its focus to tokenized U.S. Treasuries, CoinDesk reported, citing people familiar with the matter. But the project has been so slow that several members of the company's digital asset team have left. Last July, Nasdaq announced that it had stopped applying to become a crypto asset custodian due to U.S. regulatory uncertainty. According to a person familiar with the matter, the company then quietly shifted its focus to the hot field of tokenized treasuries. However, Nasdaq's expansion speed in this area has dissatisfied team members. It is reported that some members have jumped to other companies that are expanding faster in the crypto field. It is not clear how many people have left and the layoffs.