Nasdaq has announced the launch of the new platform Linq for managing companies’ shares using the block chain technology. Bitcoin companies Chain, ChangeTip, Synack, TangoMe, Vera, and PeerNova will be among the first clients to join the platform.

In summer 2015 the New York-based stock exchange Nasdaq teamed with the bitcoin start-up Chain to make it the first client to trade shares on the Nasdaq Private Market (NPM). Last week Nasdaq revealed the acquisition of Barry Silbert’s SecondMarket to integrate it into the NPM.The Linq platform is a new option for private companies to digitally record and manage the transfer of securities, which makes the process easy and safe. The blockchain technology gives Linq the potential to eliminate all paperwork and cut out intermediaries (such as lawyers) in share trading.“Blockchain applied to the private market is innovation built on top of innovation, and carries with it the opportunity to forever alter the future of financial services infrastructure,” Nasdaq CEO Robert Griefeld said.The new platform was first demonstrated today in Las Vegas at the Money 20/20 event.