Nasdaq Drops $100 Million on Crypto Infrastructure with Eyes on Tokenized Equities
Nasdaq's venture arm has invested $100 million in Payward, Kraken's parent company. This move highlights the increasing interest of established financial groups in blockchain rails as a part of mainstream market infrastructure.
The investment is tied to deeper cooperation between Nasdaq and Kraken around tokenized shares. Tokenization requires more than just a tradable coin; it also needs custody, compliance, settlement, and reliable market infrastructure to work together.
Remittix is another project that's gaining attention with its payments, trading, mobile wallet, and planned earning tools assembled in one ecosystem. Its pre-launch window may prove difficult to ignore, especially considering the growing demand for real-world utility in cryptocurrencies.