Kraken and Nasdaq Unite for Tokenized Equity Revolution

Kraken's parent company Payward has partnered with Nasdaq to build an 'equities transformation gateway' that will connect regulated tokenized equity markets with permissionless blockchain networks.

The partnership will utilize Kraken's xStocks product, which has already processed over $25 billion in total transaction volume and has more than 85,000 unique holders across supported networks.

The gateway aims to allow eligible users to move tokenized equities between a regulated market environment and open on-chain ecosystems.

Payward will handle KYC and AML onboarding for participants accessing the bridge through Kraken, and will serve as the primary settlement layer for transactions tied to Nasdaq's equity token design in jurisdictions where xStocks are already available.