Nasdaq Dives into Blockchain with $100M Kraken Investment

Nasdaq has invested $100 million in Payward, the parent company of cryptocurrency exchange Kraken. This investment values Payward at a staggering $21 billion.

The strategic partnership between Nasdaq and Payward was established in March and aims to accelerate next-generation market infrastructure for trading, settlement, and custody of tokenized equities.

The investment further solidifies Nasdaq's involvement in blockchain-based financial infrastructure and Payward's expansion into tokenized markets.