Nasdaq will integrate Talos’ digital asset infrastructureinto its Calypso and Trade Surveillance platforms. The move aims to bringtokenised collateral into mainstream institutional workflows.SingaporeSummit: Meet the largest APAC brokers you know (and those you still don't!).The announcement follows the U.S.Securities and Exchange Commission’s approval of Nasdaq’s proposal to pilottrading in tokenized versions of equities and other securities. The plan,submitted in September, would allow certain widely traded stocks to be boughtand sold either in traditional form or as blockchain-based tokens on the sameplatform. The pilot will involve the Depository Trust Company, which providespost-trade infrastructure for U.S. markets. Integration Connects On- and Off-Chain MarketsThe collaboration seeks to address long-standing challengesin connecting digital assets with traditional collateral and risk managementsystems.Under the agreement, institutions will be able to manage both on- andoff-chain collateral in a single environment. The integration combines Talos’digital asset capabilities with Nasdaq’s Calypso platform, which is widely usedfor margin, risk, and collateral management across traditional asset classes.The integration is expected to provide a more consistentview of exposure across asset types and extend connectivity to custodians andtrading venues across both traditional and digital markets.Roland Chai, executive vice president at Nasdaq, said: “Thispartnership builds on a series of strategic initiatives designed to convergeon- and off-chain market ecosystems, while preserving the liquidity,transparency and integrity of regulated markets.”Trade Surveillance Extended to Digital AssetsThe collaboration also targets fragmentation in collateraland risk workflows, providing institutions with a unified framework as theyscale tokenisation strategies.Anton Katz, co-founder and chief executive of Talos, said:“The evolution toward tokenised collateral is a natural progression forinstitutional capital markets. Firms can connect workflows for execution, risk,collateral and compliance to reduce operational friction across both on- andoff-chain asset classes.”As part of the partnership, Talos clients will gain accessto Nasdaq’s Trade Surveillance platform, extending institutional-grademonitoring to digital asset trading activity.This article was written by Tareq Sikder at www.financemagnates.com.