07:53 AM EDT, 03/23/2026 (MT Newswires) -- Nasdaq (NDAQ) said Monday it will connect Talos' digital asset infrastructure with its Calypso and Trade Surveillance platforms to develop an integrated product for managing tokenized collateral.

The integration will allow market participants to manage both on-chain and off-chain collateral workflows within an integrated environment and expand institutional connectivity to marketplaces and custodians across digital and traditional markets, Nasdaq said.

As part of the partnership, Talos clients will gain access to Nasdaq Trade Surveillance to monitor trades executed through the Talos platform. Clients will also receive detection alerts for suspicious trading patterns, including layering, spoofing, wash trading and cross-market manipulation, across the venues they trade on through Talos, the company added.