Nasdaq Financial Framework To Integrate Microsoft’s Azure Blockchain

Blockchain, News | October 31, 2018 By:

Tech giant Microsoft has partnered with exchange operator Nasdaq to bring digital ledger interoperability to Nasdaq’s Financial Framework (NFF).

To accelerate Nasdaq’s blockchain capabilities aligned with the industry’s rising demand, Microsoft will be integrating its Azure Blockchain service with NFF, a technology designed to cover all the aspects of a marketplaces needs, from trading and clearing to risk management, market surveillance, index development, data, management, testing and quality assurance. NFF was also designed to take advantage of the benefits of emerging technologies to enable key strategic advantages for customers.

In a joint statement, Microsoft and Nasdaq said that they will develop a “ledger agnostic blockchain capability” that will allow for operability across multiple ledgers. Azure will reportedly deliver highly secure interoperation and communication between NFF’s core infrastructure, ecosystem middleware and customer technologies. It will allow various technologies to work together in a secure, scalable way, and enable Nasdaq to meet their customer requirements across multiple projects.

Nasdaq said that the integration will help them manage the delivery, payment, and settlement of transactions that may reside on multiple blockchains with different payment mechanisms.

“With multiple blockchains in use by various industry participants, we believe that the combination of NFF and Microsoft’s blockchain technology can remove some of the project complexities that exist in this realm,” said Tom Fay, Senior Vice President of Enterprise Architecture at Nasdaq. “Additionally, as more industries move towards capital markets technology and structures, we see the potential for blockchain to provide value in secure, frictionless and instantaneous matching of buyers and sellers.”

The companies are hoping that the integration will ease and accelerate blockchain use, and enable customers to incorporate blockchain technologies without the need for ledger-specific skills or knowledge.

“At Microsoft, we are honored to partner with Nasdaq to evolve their innovative market-enabling technology,” said Matthew Kerner General Manager of Microsoft Azure. “As the leading enterprise platform company, we are fundamentally committed to the success of our customers. We are excited to work with Nasdaq to apply cloud and blockchain technologies to industry problems that they deeply understand, and enable their continued success.”