Nasdaq invests $100M in Kraken parent Payward at $21B valuation
Source Summary
Nasdaq invested $100 million in Payward, the parent company of cryptocurrency exchange Kraken, valuing the firm at $21 billion. The investment is part of Nasdaq's strategy to develop tokenized stock products that enable round-the-clock trading.
Why it matters
The investment signals Nasdaq's commitment to blockchain-based trading infrastructure and reflects growing institutional interest in tokenized securities.
