One of the top global stock exchanges – Nasdaq – reportedly entered into a partnership with VanEck company targeting new financial products.
The companies announced the future cooperation at the conference Consensus: Invest held by CoinDesk. Specifically, CEO VanEck stated during the event that their team is developing futures-like regulated contracts version 2.0. The market is said to enjoy new financial products next year already.
It is worth mentioning that the product that will be launched next year will be only one of the planned new products.
According to the available data, new derivatives will be powered by Nasdaq SMARTS control, while the price will be based on VanEck's MVIS index. As the company CEO added, the new products are believed to be some kind of regulatory modernization in the crypto futures market.
Such business model implemented in cooperation with the Nasdaq system is likely to encourage regulators and crypto market players, especially those which are only planning to deal with cryptos.
However, there is no information what type of futures will be offered – futures like at CME and CBOE or physically delivered like at upcoming Bakkt platform.
For reference, the US Securities and Exchange Commission is about to make a determination regarding the joint physically-backed bitcoin ETF of VanEck and SolidX in late February 2019.