Nasdaq Invests $100M in Kraken Parent at $21B Valuation: Report
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.
22 Articles
22 Articles
Nasdaq to invest $100 million in Kraken parent to deepen tokenization push
Nasdaq said on Thursday its venture arm agreed to invest $100 million in Payward, parent company of cryptocurrency exchange Kraken, deepening a partnership aimed at developing infrastructure for trading tokenized equities.
Nasdaq Invests in Kraken Parent Payward at $21 Billion Valuation
Nasdaq Inc. is investing $100 million in Payward, the parent of cryptocurrency exchange Kraken, as the firm continues to build out infrastructure that supports trading stocks in tokenized form, according to people familiar with the matter.
Nasdaq’s investment arm has invested $100 million in Payward, the parent company of crypto exchange Kraken. According to Bloomberg’s sources, the deal was made based on a valuation of Payward at $21 billion. The deal has not yet been officially announced. The parties also agreed to allow Kraken users to trade tokenized versions of Nasdaq-listed stocks. Bloomberg notes that […]
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