Nasdaq Invests $100M in Kraken for 2027 Tokenized Stocks
Nasdaq has committed $100 million to Kraken’s parent Payward at a $21 billion valuation to launch tokenized stocks with full voting rights and 24/7 trading by mid-2027. The initiative leverages the xStocks platform, which has already settled $25 billion in transactions, as part of a competitive race involving the NYSE and LSE to modernize equity settlement.
GN stocks/nasdaq reports that the deal values Payward at $21 billion and designates xStocks as the gateway to link regulated markets with permissionless networks, noting the platform has already processed $25 billion in volume with over 85,000 holders.
Source: GN stocks/nasdaqAccording to GN stocks/nasdaq, the firms are targeting a Q2 2027 rollout of Nasdaq Equity Tokens on Payward’s xStocks platform, aiming for 24/7 settlement capabilities while retaining full shareholder rights following a recent SEC approval.
Source: GN stocks/nasdaqAccording to new reporting from GN stocks/nasdaq, the $100 million commitment is specifically earmarked to fund the development of tokenized stocks, marking a significant escalation in the partnership between the two firms.
Source: GN stocks/nasdaqAccording to GN stocks/nasdaq, the deal specifically grants Kraken distribution rights for Nasdaq tokenized equities, ensuring these digital assets carry the same voting privileges as traditional shares. The report also notes that Payward was seeking capital at a slightly lower $20 billion valuation prior to this round, while NDAQ shares remain flat year-over-year at $94.22.
Source: GN stocks/nasdaqAccording to GN stocks/nasdaq, the $100 million injection values Payward at $21 billion, a slight increase from its previous round, and includes the adoption of Nasdaq’s surveillance technology across all of Payward’s trading venues.
Source: GN stocks/nasdaqNasdaq has committed $100 million to Kraken's parent company to accelerate the development of tokenized securities, targeting a market launch in 2027.
Source: GN stocks/nasdaq
