Nasdaq's venture arm is investing $100 million in Payward, the parent company of cryptocurrency exchange Kraken. The investment values Payward at $21 billion and aims to build infrastructure for trading tokenized equities, with Nasdaq Equity Tokens expected in Q2 2027.
The investment signifies a significant step by a major traditional exchange into the tokenized asset space, potentially paving the way for broader institutional adoption of digital securities and new trading infrastructure.
Nasdaq's venture capital arm is injecting $100 million into Payward, the parent company of the cryptocurrency exchange Kraken. This strategic investment, which values Payward at $21 billion, is intended to foster the development of infrastructure for trading tokenized equities. The collaboration is expected to lead to the launch of Nasdaq Equity Tokens in the second quarter of 2027, signaling a move towards integrating traditional financial assets with blockchain technology.
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