US EditionNasdaq 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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41 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
Payward, the parent company of the Kraken cryptocurrency platform, has concluded an agreement with Nasdaq to create an infrastructure that connects the Tokenized stock capital markets with decentralized blockchain networks.This platform will be driven by xStocks, Payward's Tokenized stock platform that has already exceeded $25 billion in transaction volume in less than a year. It will function as the infrastructure that feeds the open ecosystem,…
Kraken pushes xStocks to turn tokenized stocks into parallel equity rails
Kraken is trying to turn tokenized equities from a side‑show into a parallel equity market running on crypto rails through its xStocks platform and a new Nasdaq partnership. Kraken is trying to turn tokenized equities from a side‑show into a…
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