Nasdaq Backs Tokenized Stocks with $100M Investment in Kraken

Nasdaq is investing $100 million in Kraken, the parent company of the crypto exchange. This deal values Payward, Kraken's parent company, at $21 billion.

The investment thesis behind this move goes beyond a simple financial bet. Wall Street is no longer content to watch crypto from the sidelines and is starting to invest in its infrastructure.

Kraken finds itself right at the center of a deeper structural trend reshaping the boundaries between traditional finance and digital assets.