According to @ItsDave_ADA, Cardano (ADA) has been included in the Nasdaq Crypto Index (NCI), a rules-based benchmark designed for institutional investors (source: @ItsDave_ADA). Nasdaq describes the NCI as tracking liquid, investible digital assets with eligibility standards for liquidity, custody availability, and market integrity, confirming the index’s institutional framework (source: Nasdaq). The inclusion indicates ADA meets NCI eligibility standards for liquidity, custody, and market integrity as communicated by the index framework and announcement (source: Nasdaq; source: @ItsDave_ADA). For trading execution and price discovery, the NCI uses core exchanges Bitstamp, Coinbase, itBit, Kraken, and LMAX Digital, and recognizes core custodians BitGo, Gemini, Fidelity, Komainu, and Zodia for institutional-grade custody support (source: @ItsDave_ADA). The NCI is rules-based and periodically reviewed under Nasdaq’s methodology, which is relevant for index-tracking benchmarks and institutional monitoring (source: Nasdaq).