Nasdaq puts $100 million into Kraken for 2027 tokenized stocks
Nasdaq Ventures is committing $100 million to Kraken parent Payward at a $21 billion valuation to launch tokenized stocks in Q2 2027, a move backed by Nasdaq’s surveillance integration and Wells Fargo’s advisory role. This strategic push occurs as the tokenized equity sector expands rapidly to over $2 billion in market cap, though it faces ongoing scrutiny regarding ownership rights and unauthorized trading markets.
Fortune details the rapid market expansion, noting that tokenized stock market capitalization has surged 400% in the past year to exceed $2 billion. The report also highlights a growing regulatory debate, citing recent accusations by AMC Entertainment against Robinhood for operating an unauthorized overseas token market.
Source: GN stocks/nasdaqAccording to new details from GN stocks/nasdaq, the deal includes Payward integrating Nasdaq's market surveillance tools across crypto, equities, and derivatives, with Wells Fargo serving as the exclusive capital markets advisor for the transaction.
Source: GN stocks/nasdaqAccording to reporting from GN stocks/nasdaq, Payward has committed to integrating Nasdaq's market surveillance tools across its crypto and equity trading operations. The collaboration is being spearheaded by Nasdaq's Digital Liquidity Networks division, which aims to establish 24/7 trading rails that preserve full shareholder voting rights.
Source: GN stocks/nasdaqNasdaq's venture arm injects $100 million into Payward, the parent of Kraken, to launch tokenized equities in 2027. The deal values the crypto firm at $21 billion and builds blockchain infrastructure for traditional securities.
Source: GN markets/crypto (en-US)
