Nasdaq and Kraken to Launch Tokenized Shares by Early 2027
- Nasdaq partners with Kraken’s parent company, Payward, to tokenize public company shares.
- The platform will integrate traditional financial systems with blockchain technology for seamless trading.
- Launch is planned for early 2027, focusing on maintaining legal properties of securities like dividends and voting rights.
- Kraken will provide infrastructure support through its xStocks system for issuing proxy stocks.
- Nasdaq aims to uphold compliance and issuer rights throughout the tokenization process.
This partnership signifies a major advancement in merging traditional finance with blockchain solutions, enhancing market accessibility and transparency across jurisdictions where xStocks operates.
With a launch set for early 2027, this initiative could redefine stock trading by ensuring that tokenized assets retain their legal attributes, including stakeholder rights and dividends.
