Nasdaq and Talos are wiring legacy infrastructure directly into crypto trading stacks to release $35 billion in stagnant capital. The partnership, announced Monday, integrates Nasdaq’s Calypso risk platform and Trade Surveillance technology with Talos’s institutional liquidity network. This is not a pilot program. It is an industrial-scale attempt to solve the collateral bottleneck slowing institutional adoption employed by major banks. By bridging the gap between digital assets and traditional finance (T ...