Nasdaq Invests $100M in Kraken Parent to Boost Tokenized Stocks
Nasdaq has invested $100 million in Payward, the parent company of Kraken, to support the expansion of tokenized stock offerings.
Investor
Nasdaq
Recipient
Payward
Amount
$100 million
Focus
tokenized stocks
This strategic investment highlights growing institutional confidence in digital asset infrastructure. Nasdaq aims to leverage Payward's capabilities to scale the issuance and trading of tokenized equities. The move signals a significant step toward mainstream adoption of security tokens.
Original summary by the Intergalactic Newsroom based on the cited source; read the source for full details. Not investment advice.