Nasdaq pilots tokenized collateral on Canton as Q2 earnings hit records
CantonNews (July 24, 2026): Nasdaq disclosed on its Q2 2026 earnings call a successful Canton Network tokenized collateral pilot—transmitting tokenized money market funds as collateral through Nasdaq Calypso alongside two leading asset managers. CEO Adena Friedman framed it as proof that Calypso, used by hundreds of firms for collateral management, could evolve into a network moving assets in tokenized form; she said participants left the pilot room calling it a victory (“The money moved”). Future monetization is planned via a new Calypso module upsell for collateral movement. The pilot sits within a broader Nasdaq tokenization push—working with DTCC on post-trade settlement of tokenized shares and with Kraken on tokenized equity issuance with instantaneous settlement (target early 2027). The disclosure accompanied record results: $1.5B net revenue (+15% YoY), index AUM surpassing $1T with $51B quarterly net inflows, and the June 12 SpaceX IPO described as the largest in history ($86B raised).