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Nasdaq reportedly invests $100 million in Payward, enabling Kraken to distribute tokenized Nasdaq stocks
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Nasdaq is investing $100M in Payward, the parent of Kraken, valuing the cryptocurrency exchange at $21B and giving Kraken the right to distribute Nasdaq’s tokenized stocks.
The partnership gives Kraken a new role as a distributor of tokenized equities, expanding its custody and settlement responsibilities. This shift introduces additional regulatory and cyber-security challenges as the exchange must protect both crypto assets and tokenized securities against hacking, fraud, and compliance breaches.
Written by elseif from the cluster below · every claim links back to a sourceThe three things worth knowing
Nasdaq’s $100 million investment values Kraken at $21 billion.
Kraken will be authorized to distribute Nasdaq’s tokenized stocks.
The expanded scope adds security and compliance demands for Kraken’s platform.
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