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Nasdaq teams up with Kraken to expand tokenization infrastructure
- On March 9, Nasdaq announced it will collaborate with Payward, parent of Kraken, to develop tokenization infrastructure, with the platform expected to launch in early 2027.
- Nasdaq said the initiative will focus on automating corporate actions such as dividend payments and proxy voting via blockchain, following accelerated institutional adoption after the GENIUS Act passed last year.
- Nasdaq will use Payward's xStocks tokenization platform to move securities to blockchain networks, offer one-to-one tokenized shares with governance rights to Kraken customers outside the United States, and settle through the Depository Trust while partnering with Boerse Stuttgart Group's Seturion for European linkage.
- Nasdaq's effort builds on a September proposal to the SEC, while industry momentum was underscored last week by ICE's $25 billion investment in OKX.
- Moves by exchanges and platforms suggest tokenization could create a more continuous financial system, with Tal Cohen, president of Nasdaq, highlighting expanded investor access amid split views on crypto's role.
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21 Articles
21 Articles
Tokenized, NVDA And TSLA On Nasdaq? Coming 2027 In Partnership With Kraken: Report - Nasdaq (NASDAQ:NDAQ)
Nasdaq plans to offer tokenized stocks and ETFs through Kraken, allowing for 24/7 trading and faster settlement. Other financial institutions are also expanding tokenized asset initiatives. Importance Rank: 1
·New York, United States
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Coverage Details
Total News Sources21
Leaning Left1Leaning Right1Center4Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 17%
C 67%
R 16%
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