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IEX—the fledgling stock exchange started by the protagonists of the Michael Lewis bestseller Flash Boys—is getting ready for its next act.
Coming soon: crypto.
At least that's the vision of IEX cofounder Brad Katsuyama, who is now linked up with Sam Bankman-Fried, the cryptoworld kingpin and head of FTX.US, which invested in IEX in April.
"We are looking to set a standard for what it means to trade a digital asset security," Katsuyama tells Fortune. "The potential for this industry is tremendous. It just needs a structure that allows it to scale."
Details about the plans are not yet clear, but the pair are working together to build a regulated marketplace for digital asset securities, Katsuyama says. What form or shape that takes will depend on clarity from the Securities and Exchange Commission, he says.
The general idea would...
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