Nasdaq has invested $100 million in Payward, the mother or father firm of cryptocurrency trade Kraken, as a part of the New York digital bourse’s enlargement into tokenized belongings.
Nasdaq’s enterprise arm made a $100 million funding in Payward, the trade operator revealed in a Thursday announcement. As a part of the deal, Kraken will provide tokenized variations of Nasdaq-listed shares by itself platform. The funding builds on Nasdaq’s partnership with Payward introduced in March.
Payward may also undertake Nasdaq’s surveillance expertise throughout its crypto, equities, tokenized equities, futures and choices venues, in accordance with the announcement.
The funding valued Kraken’s mother or father firm at $21 billion, folks aware of the matter told Bloomberg on Thursday. Cointelegraph approached Nasdaq for touch upon the matter however didn’t obtain a reply earlier than publishing time.
The announcement comes a month after Nasdaq shared plans to amass Degree Markets as a part of its push into “always-on” markets. Nasdaq filed a tokenization proposal with the US Securities and Alternate Fee a yr in the past.
Earlier this month, Kraken partnered with the London Stock Exchange to launch entry to 24/5 buying and selling of tokenized shares which can be monitoring the worth of main UK fairness merchandise beginning in 2027.
In April, Deutsche Börse invested $200 million in Payward, as a part of the German trade operator’s plans to supply entry to a wider array of blockchain-based securities and tokenized funding merchandise.
Supply: RWA.xyz
In line with information compiled by RWA.xyz, the present distributed worth of tokenized shares is greater than $2.9 billion, up 7.4% over the previous month.
Associated: AMC chief criticizes Robinhood’s tokenized stock plan
Cointelegraph by Zoltan Vardai Nasdaq Invests $100M in Kraken Parent at $21B Valuation: Report cointelegraph.com 2026-09-10 11:41:00
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