Nasdaq Invests $100M in Kraken Parent Company Payward

Nasdaq has invested $100 million in Payward, the parent company of cryptocurrency exchange Kraken, at a valuation of $21 billion. The investment represents a significant capital commitment by Nasdaq to Payward.

The deal links one of the largest traditional financial-market operators with a major cryptocurrency exchange parent. While the source does not specify whether the investment is intended to support a particular business initiative or expansion, it provides a reference point for Payward's market standing as it secures capital from Nasdaq.

The reported valuation provides a benchmark for Payward's market value. However, no further financial terms were disclosed in the X post cited by Cointelegraph.