In July last year, Nasdaq announced that it had halted its application to become a custodian of crypto assets due to regulatory uncertainty in the United States. According to an insider, the company quietly shifted its focus to the hot area of tokenized government bonds. However, the speed of Nasdaq’s expansion in this field has left some team members dissatisfied. There are reports that some members have jumped ship to other companies that are expanding faster in the crypto space. It is currently unclear how many people have resigned or the extent of any layoffs.