TLDR Tech / Fintech
Nasdaq to invest $100M in Kraken parent to deepen tokenization push
Nasdaq's venture capital arm has committed to investing $100 million in Payward, the parent company of Kraken. This investment supports a broader initiative to establish regulated infrastructure for tokenized equities. The two companies plan to introduce Nasdaq Equity Tokens on Payward's xStocks platform in Q2 2027. The goal is to facilitate the trading and settlement of tokenized assets outside traditional market hours while upholding shareholder rights, compliance, and market safeguards.
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