Nasdaq Ventures Invests $100 Million in Payward for Tokenized Equities
- Nasdaq Ventures will invest $100 million in Payward, valuing the company at $21 billion.
- The partnership aims to develop Nasdaq Equity Tokens, expected to launch in Q2 of 2027.
- Payward will implement Nasdaq’s market-surveillance technology across its trading venues.
- Payward operates the crypto exchange Kraken and offers various financial services including custody and staking.
- Recent acquisitions by Payward include Bitnomial for up to $550 million and Reap for $600 million.
This investment enhances collaboration between Nasdaq and Payward, focusing on integrating traditional finance with digital assets through tokenization. The initiative aims to maintain shareholder rights while expanding operational capabilities.
With a valuation of $21 billion, Payward’s expansion includes significant acquisitions and partnerships, positioning it as a key player in both crypto and traditional finance sectors. (Source)
