Nasdaq Backs Tokenized Stocks with $100M Investment
Nasdaq has made a significant investment in Kraken's parent company, Payward, valued at $21 billion. The tech giant has poured $100 million into the venture to support tokenized stocks.
The partnership between Nasdaq and Kraken is set to revolutionize the way stock trading operates. With this new development, both firms plan to create on-chain stock trading, settlement, and storage solutions.
Nasdaq brings its years of experience in regulated markets, while Kraken contributes its expertise in crypto trading systems and custody solutions. The combined entity aims to reduce entry barriers for institutions entering tokenized markets.
The success of this project depends on several factors, including attracting issuers, meeting regulatory rules, and generating meaningful trading volume. If launched as planned in H1 2027, the Equities Transformation Gateway (ETG) could widen access and deepen liquidity.