Nasdaq Invests $100 Million in Kraken Parent Company

Nasdaq Ventures has agreed to invest $100 million in Payward, the parent company of cryptocurrency exchange Kraken. The investment is part of a broader collaboration between the two companies to develop tokenized equities and digital market infrastructure.

The deal values Payward at $21 billion, according to people familiar with the matter cited by Bloomberg. This significant valuation reflects the growing importance of the digital assets space in the financial sector.

Nasdaq Ventures' investment will likely have a positive impact on Kraken's services and offerings, potentially leading to further innovation in the crypto market.