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.