Case Study: Nasdaq improves ESG data sharing and reduces audit costs with Digital Asset

Nasdaq launches ESG data network in less than six months with Digital Asset

The customer Nasdaq faced challenges with data leakage and governance in its post-trade operations, particularly around the manual and opaque distribution of its valuable trading data. This legacy technology lacked transparency and control, forcing Nasdaq to rely on costly, semi-annual customer audits to determine data consumption and collect revenue owed. Digital Asset was engaged to solve this problem using its Daml smart contract language and Canton blockchain.

Digital Asset implemented a Daml-based network for Nasdaq that provided greater control over data access and an effective mechanism for metering consumption. This solution eliminated the root cause of data leakage, allowing Nasdaq to collect all revenue owed and improve cash cycles. The platform also directly benefited profit margins by eliminating the costs associated with manual audits.

Nasdaq