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Nasdaq invests $100M in Kraken for tokenized stocks
Nasdaq has committed $100 million to Kraken's parent company, Payward, to build infrastructure for tokenized equities. The partnership, detailed by GN stocks/nasdaq, aims to launch blockchain-based stock replicas by Q2 2027 and integrate Nasdaq's surveillance tools into Kraken's expanding multi-asset trading venues.
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.
Citi Expands China Access and Wealth Management Leadership
Citigroup is advancing its digital payment infrastructure and securing a pathway into onshore Chinese capital markets, signaling a strategic pivot in its global services model.
Astera Labs Tokenized Trading Outpaces Operational Reality
Astera Labs sees a divergence between its listed share price and surging tokenized trading volumes, highlighting a gap between digital asset enthusiasm and the company's core connectivity business.
Galaxy Digital's Helios II Grid News and Valuation Gap
Galaxy Digital's Helios II data center progress anchors a valuation debate where the stock trades at a steep discount to sales multiples despite significant multi-year gains.
Block seeks OCC charter for digital asset trust bank
Block’s application for a federal trust bank charter is viewed as a risk management move, though Simply Wall St points to a sharp divergence in valuation where high P/E ratios clash with narratives suggesting substantial undervaluation based on future fintech growth.