Nasdaq partners with Talos to address tokenized collateral management, deepening its digital asset strategy as the global institution unlocks new efficiencies. Nasdaq and Talos link infrastructure for integrated collateral workflows March 23, 2026, in New York, Nasdaq (Nasdaq: NDAQ) and Talos announced a new partnership to connect Talos’ digital assets (…)
Nasdaq partners with Talos to address tokenized collateral management, deepening its digital asset strategy as the global institution unlocks new efficiencies.
Nasdaq and Talos link infrastructure for integrated collateral workflow
above March 23, 2026in New York, Nasdaq (NASDAQ: after that) and Talos Announced a new partnership connecting Talos’ digital asset infrastructure with Nasdaq’s Calypso and Trade Surveillance platforms. The goal is to provide an integrated solution for managing tokenized collateral across mainstream and digital markets.
This initiative aims to remove the structural barriers that have so far limited the institutional use of tokenized assets. In particular, it addresses the challenge of integrating digital products into existing risk management, margin, and collateral workflows without fragmenting oversight.
Tokenized collateral represents traditional financial assets on distributed ledger technology in a programmable format. Additionally, the ability to move securities, cash equivalents, and other high-quality assets across platforms and jurisdictions in real time could reshape the way financial institutions manage liquidity.
recent Nasdaq The report found that twenty five% ‘s collateral is currently locked in a rectification process and an interest-free process, indicating that it has exceeded $35 billion Excessive or unremunerated collateral. But turning this locked-up capital into productive assets requires an infrastructure that allows institutions to manage these products with the same rigor and integrated controls applied to mainstream asset classes.
Combining Calypso risk tools and Talos execution capabilities
Talos We provide institutional-level capabilities for digital assets, from front-office portfolio construction, evaluation, and execution to back-office operations. meanwhile, Nasdaq Calypso Widely used by global financial institutions to manage risk, margin and collateral requirements across traditional asset classes.
By linking these platforms, partners provide a route for financial institutions to monitor both on-chain and off-chain collateral flows in a unified environment. That said, the partnership also extends the institution’s connectivity to a broader network of marketplaces and custodians operating in both traditional and digital ecosystems.
“This partnership solves a fundamental challenge facing the institutional market: the inability to manage market-wide exposures with a single risk and asset lens,” he said. Roland ChaiExecutive Vice President of Nasdaq. “This partnership builds on a series of strategic initiatives aimed at integrating the on-chain and off-chain market ecosystems while maintaining the liquidity, transparency, and integrity of regulated markets.”
As a market operator and technology provider to the global financial industry, Chai added: Nasdaq is positioned to drive the next wave of innovation and growth. Furthermore, he envisioned the initiative as a step toward more integrated global capital markets.
“The evolution to tokenized collateral is a natural progression for institutional capital markets,” he said. Anton KatzCEO and co-founder of Talos. He asserted that by combining Talos’ digital asset infrastructure with Nasdaq’s Calypso and Trade Surveillance platforms, companies can connect execution, risk, collateral, and compliance workflows, reduce operational friction across on-chain and off-chain asset classes, and support scalable tokenized collateral management.
Enhancing market health with advanced monitoring
The digital asset industry continues to face market abuse tactics that the mainstream market has spent decades dealing with. As digital asset activity expands, both regulators and institutions demand the same standards of trust, integrity, and regulatory compliance that underpin the most established markets around the world.
Through our partnership, Talos Client will be able to access Nasdaq Trade Monitoris the leading platform for detecting and investigating potential market abuse across mainstream and digital asset fields. In practice, this means that Talos users can monitor every trade executed through the Talos platform with the same level of institutional oversight as top exchanges and buy-side firms.
Specifically, clients will receive advanced alerts alerting them to suspicious trading activity such as layering, spoofing, wash trading, and cross-market manipulation across all connected venues. Additionally, as market exploitation schemes become more complex, the platform’s cross-product analysis capabilities are designed to identify patterns of behavior across multiple markets and products.
With this integration, financial institutions Talos Leverage the platform to strengthen your compliance framework and demonstrate adherence to evolving regulatory expectations. That said, it also supports broader market health as institutional investor participation in digital assets continues to expand across geographies and asset types.
About Nasdaq
Nasdaq (NASDAQ: after that) describes itself as the leading technology platform that powers the global economy. The company aims to build modern markets, support the innovation economy and build trust in the global financial system through technology.
Nasdaq says it enhances economic opportunity by designing and deploying technology, data and advanced analytics that help customers seize opportunity, manage risk and build resilience. In addition, its solutions span market infrastructure, trading technology, data services and analytics for institutions around the world.
Learn more Nasdaqtechnology solutions and career opportunities, the company directs interested parties to LinkedIn, X @Nasdaq and its website at www.nasdaq.com.
About Talos
Talos For professional investors, we provide institutional-grade technology and data that supports the entire digital asset investment lifecycle, including liquidity sourcing, price discovery, trading, settlement, and portfolio management.
Designed by a team with extensive experience building institutional trading, portfolio, and data systems. Talos The platform connects institutions to leading providers in the digital asset ecosystem. These include exchanges, OTC desks, prime brokers, lenders, custodians, and other service providers, all accessible through a single interface.
For additional information, Talos and its institutional digital asset solutions, interested institutions should visit www.talos.com.
In summary, the Nasdaq and Talos collaboration aims to align digital and traditional market infrastructures, combining collateral, risk, and monitoring capabilities to support organization-wide adoption of programmable assets.
