Nasdaq invests $100M in Kraken’s parent company, Payward
- Nasdaq’s venture arm invested $100 million in Payward, valuing the company at $21 billion.
- Kraken will provide tokenized versions of Nasdaq-listed stocks on its platform as part of the deal.
- This investment follows a previous partnership announced in March between Nasdaq and Payward.
- Earlier this month, Kraken partnered with the London Stock Exchange for trading tokenized stocks starting in 2027.
- The distributed value of tokenized stocks has increased to over $2.9 billion, a rise of 7.4% in the last month.
This investment marks a significant step for Nasdaq as it aims to expand into tokenized assets and enhance its market offerings, building on previous initiatives like the acquisition of Level Markets.
With Nasdaq’s latest investment, Payward is positioned to advance its role in the growing market of tokenized equities, reflecting a broader trend towards digital asset integration within traditional finance sectors.(Source)
