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June 1 news, according to the British Financial Times, some of the financial industry's most famous companies are building their own digital market trading platforms, betting that fund managers will prefer brands they like, know and trust, rather than betting on dominating the market. The industry's opaque crypto exchange. Traditional financial institutions such as Standard Chartered, Nomura and Charles Schwab are creating or backing new, independent crypto companies, including exchanges and custody groups that can handle digital currencies such as bitcoin and ethereum. Charles Schwab, market makers Citadel Securities and Virtu Financial are among the groups backing EDX Markets, while British bank Standard Chartered backs exchange Zodia Markets and custodian Zodia Custody, the report said. BNY Mellon and Fidelity already have their own digital asset custody divisions, and US stock exchange Nasdaq is awaiting approval from US regulators to launch its own services.