PrivacyFortuneabout 1 hour ago
Nasdaq Invests $100M in Kraken Parent for Tokenized Stocks
3 min read
Nasdaq invested $100 million in Payward, the parent company of cryptocurrency exchange Kraken, to develop tokenized stock trading. The investment values Kraken at $21 billion and builds on their work to create Nasdaq Equity Tokens, or NETs, for Payward's xStocks ecosystem. The companies plan a formal launch in the second quarter of 2027.
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