Financial Firms Partner with Crypto for Blockchain Integration

Major financial infrastructure providers announced partnerships on Monday with cryptocurrency firms to integrate blockchain technology into traditional trading systems, marking a significant step toward blending conventional capital markets with digital assets.

Broadridge Financial Solutions revealed it has incorporated Crypto.com into its NYFIX order-routing network, enabling institutional brokers to execute cryptocurrency trades using the same FIX protocol infrastructure that supports global equities and derivatives trading. This integration, the first of its kind in Asia for NYFIX, connects more than 2,200 buy-side and sell-side institutions directly to Crypto.com. Officials at Broadridge stated that the move addresses rising demand from institutional clients for seamless access to digital assets within established compliance and operational frameworks, reducing the need for separate systems and minimizing operational hurdles.

In a parallel development, Nasdaq disclosed plans to collaborate with Payward, the parent company of the Kraken cryptocurrency exchange, to build an equities transformation gateway. The initiative will link regulated capital markets with decentralized...