Nasdaq to Invest $100 Million in Payward for Tokenized Stocks

4 weeks ago 9

Rommie Analytics

Key Takeaways:

  • The parent company of crypto exchange Kraken is getting a $100 million investment from Nasdaq Ventures in the company’s tokenized-equity program.
  • Both Nasdaq and Payward are aiming to introduce blockchain-based replicas of publicly-traded stocks in the second quarter of 2027 in the form of their Nasdaq Equity Tokens.
  • With Kraken’s expansion into multi-asset trading, Payward will roll out Nasdaq’s market-surveillance technology on its crypto trading and tokenized-equity trading venues.