GoKawiilNasdaq invests $100M in Kraken owner Payward to launch tokenized stocks in 2027
Nasdaq's venture arm is putting $100 million into Payward, the parent company of crypto exchange Kraken, valuing it at $21 billion. The two firms plan to build infrastructure for issuing and trading tokenized equities, blockchain-based digital representations of publicly traded stocks, with a target launch in the second quarter of 2027. Payward will also adopt Nasdaq's market-surveillance technology across its trading platforms as it expands beyond crypto into stocks and derivatives.
GoKawiil's interpretation of the reporting above, not reported fact.
The deal signals traditional finance's growing willingness to embrace blockchain-based trading rails, with Nasdaq lending its regulatory credibility and surveillance tools to a crypto-native platform. It also shows Kraken's ambition to evolve from a crypto exchange into a multi-asset trading hub, potentially reshaping how retail and institutional investors access stock ownership through tokenized instruments.
- Nasdaq is investing $100 million in Payward, Kraken's parent, valuing it at $21 billion.
- The partnership aims to launch tokenized equity trading by Q2 2027, using Nasdaq Equity Tokens infrastructure.
- Kraken will adopt Nasdaq's surveillance technology as it expands into stocks, derivatives and broader financial products.
Ledger Nano X Hardware Wallet — As exchanges like Kraken push into tokenized stocks and other on-chain assets, self-custody hardware becomes handy for anything you'd rather hold yourself. The Ledger Nano X keeps your private keys offline and pairs with a phone or laptop for managing crypto on the go.
See Ledger Nano X Hardware Wallet on Amazon → Affiliate link — we may earn a commission on purchases, at no extra cost to you. Product picked by AI based on this article; it is not a tested recommendation.Source: cnbc.com — Tanaya Macheel, 2026-09-10
Published there as: “Nasdaq invests $100 million in Kraken parent, eyeing 2027 launch of 'tokenized' stock trading”
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