Nasdaq Invests $100 Million in Kraken Parent Payward at $21 Billion Valuation
The deal deepens a partnership aimed at always-on trading and could help launch Nasdaq Equity Tokens in 2027, the companies said.
- On Thursday, Nasdaq's venture arm invested $100 million in Payward, the parent company of cryptocurrency exchange Kraken, valuing the firm at $21 billion.
- The deal expands Nasdaq's push into tokenized assets, building on a partnership announced in March; Kraken will distribute Nasdaq's tokenized stocks on its platform.
- Data compiled by RWA shows the distributed value of tokenized stocks now exceeds $2.9 billion, marking a 7.4% increase over the past month.
- In April, Deutsche invested $200 million in Payward to expand blockchain capabilities, aiming to offer a wider array of tokenized investment products.
- Earlier this month, Kraken partnered with the London Stock Exchange to launch 24/5 trading of tokenized stocks tracking UK equity products, beginning in 2027.
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67 Articles
Nasdaq invests $100 million in Kraken parent Payward at $21 billion valuation
Nasdaq has agreed to invest $100 million in Kraken parent Payward as the two companies expand their work on tokenized equities, market surveillance and blockchain-based settlement infrastructure. Nasdaq said Thursday that its strategic investment arm, Nasdaq Ventures, had agreed to…
Kraken Parent Valued at $21 Billion in $100 Million Nasdaq Investment, Bloomberg Reports
Nasdaq Ventures agreed to invest $100 million in Kraken parent Payward as the two companies broaden their collaboration around tokenized equities and digital-market infrastructure. The investment values Payward at $21 billion, according to people familiar with the matter cited by Bloomberg.Visit Website
Nasdaq invests $100 million in Kraken parent for equity token framework
Nasdaq’s venture arm is investing $100 million in Payward, Kraken’s parent, valuing Payward at about $21 billion and expanding a partnership to advance tokenized market infrastructure and Nasdaq Equity Tokens (NETs). The collaboration aims to launch NETs in 2027 and includes a new market surveillance agreement to bolster governance and market integrity. · 20 sources across the spectrum on IJR News.
Nasdaq Invests $100 Million to Bring 24/7 Stock Trading via Kraken
Nasdaq will invest $100 million in Payward, the parent company of cryptocurrency exchange Kraken, to build a trading infrastructure for tokenised equities. The project, branded as Nasdaq Equity Tokens, is slated for a 2027 launch. The initiative aims to remove the constraints of traditional market hours, allowing for the continuous trading and settlement of securities via blockchain. By integrating Nasdaq's exchange architecture with Kraken's di…
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