Nasdaq to offer custody services for Bitcoin, Ether in a big crypto push 

The company has hired Ira Auerbach to lead the new Nasdaq Digital Assets unit (Shutterstock)
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Updated 20 September 2022
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Nasdaq to offer custody services for Bitcoin, Ether in a big crypto push 

RIYADH: The US stock exchange, known as Nasdaq, will initially offer custody services for Bitcoin and Ether to institutional investors, the company’s executive vice president and head of North American markets, Tal Cohen, said. 

This happens as the second-largest stock exchange in the world prepares to gain advantage from the increasing appetite for digital currencies among big-money investors, according to Bloomberg. 

The company has hired Ira Auerbach to lead the new Nasdaq Digital Assets unit.  

“Custody is foundational,” Cohen said in an interview. “Off the back of custody, we can start to develop other solutions, offer execution services, liquidity services, and think about how we support new markets.” 

He added that although Nasdaq has no immediate plans to launch a crypto exchange, it will assess the opportunity based on the regulatory environment and competitive landscape. 

In a similar move, BlackRock has partnered with Coinbase Global to facilitate Bitcoin trading for investors.

Additionally, EDX Markets, a new exchange backed by Charles Schwab Corp., Fidelity Digital Assets, Citadel Securities and Virtu Financial, will be trading some tokens this year.

“We believe this next wave of the revolution is going to be driven by mass institutional adoption,” Auerbach said in an interview. 


Saudi Arabia ranks 2nd globally in digital government, World Bank 2025 index shows


Updated 18 December 2025
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Saudi Arabia ranks 2nd globally in digital government, World Bank 2025 index shows


WASHINGTON: Saudi Arabia has achieved a historic milestone by securing second place worldwide in the 2025 GovTech Maturity Index released by the World Bank.

The announcement was made on Thursday during a press conference in Washington, DC, which evaluated 197 countries.

The Kingdom excelled across all sub-indicators, earning a 99.64 percent overall score and placing it in the “Very Advanced” category.

It achieved a score of 99.92 percent in the Core Government Systems Index, 99.90 percent in the Public Service Delivery Index, 99.30 percent in the Digital Citizen Engagement Index, and 99.50 percent in the Government Digital Transformation Enablers Index, reflecting some of the highest global scores.

This includes outstanding performance in digital infrastructure, core government systems, digital service delivery, and citizen engagement, among the highest globally.

Ahmed bin Mohammed Al-Suwaiyan, governor of the Digital Government Authority, attributed this achievement to the unwavering support of the Saudi leadership, strong intergovernmental collaboration, and effective public-private partnerships.

He highlighted national efforts over recent years to re-engineer government services and build an advanced digital infrastructure, which enabled Saudi Arabia to reach this global standing.

Al-Suwaiyan emphasized that the Digital Government Authority continues to drive innovation and enhance the quality of digital services, in line with Saudi Vision 2030, supporting the national economy and consolidating the Kingdom’s transformation goals.

The 2025 GTMI data reflects Saudi Arabia’s excellence across key areas, including near-perfect scores in core government systems, public service delivery, digital citizen engagement, and government digital transformation enablers. This balanced performance places the Kingdom firmly in the “Grade A” classification for very advanced countries, demonstrating the maturity of its digital government ecosystem.

Saudi Arabia’s progress in the index has been remarkable: from 49th place in the 2020 edition, to third in 2022, and now second in 2025, confirming its status as a global leader in digital transformation and innovation.

The achievement also reflects the Kingdom’s focus on putting people at the center of digital transformation, enhancing user experience, improving government efficiency, and integrating artificial intelligence and emerging technologies across public services.