Nasdaq, the second largest stock exchange of the world, announced its plans to purchase Sweden-based developer of software for brokers and stock exchanges. Crypto-enthusiasts pay attention to the fact that Cinnober is actively working in the digital assets market.

The US stock exchange Nasdaq acquires the Sweden-based company Cinnober, which develops solutions for brokers and stock exchanges. Nasdaq offered to pay $190 million in cash to the shareholders and warrant holders of Cinnober.

“The combined intellectual capital, technology competence and capabilities of Cinnober and our Market Technology business will expand the breadth and depth of our fastest growing division at Nasdaq,” said Adena Friedman, President and CEO, Nasdaq. “Not only have the global capital markets continued to evolve rapidly, new marketplaces in various industries are demanding market technology infrastructure that enables rapid growth and scale as well as access to tools to promote market integrity. This acquisition will enhance our ability to serve market infrastructure operators worldwide, and will accelerate our ability to expand into new growth segments.”

Cinnober is not only a major Swedish financial technology provider to brokers, exchanges, and clearinghouses. The company creates also solutions for digital assets. Thus, in July, the Swedish company began to cooperate with the cryptocurrency service BitGo, which both acts as a major cryptocurrency processing center and actively develops a network of institutional-grade crypto storages.

Earlier, Nasdaq announced to test a blockchain-based platform for trading in securities with collateral. The project also involved such companies as EuroCCP, Euroclear and ABN AMRO Clearing, the provider of securities services. The platform was aimed to optimize and accelerate the interaction between pledgers, pledgees, and intermediaries with the help of the blockchain technology.