Nasdaq Invests $100M in Kraken Parent Payward, Valuing Company at $21B

Nasdaq's $100 million investment in Payward, the parent company of cryptocurrency exchange Kraken, has valued the company at $21 billion.

The deal marks a significant step in Nasdaq's growing involvement in the digital-asset sector and highlights the increasing links between traditional financial markets and cryptocurrency platforms.

Nasdaq Ventures' agreement to invest $100 million deepens its collaboration with Payward, which operates multiple layers of infrastructure connected to cryptocurrency markets, including trading services, custody solutions, and payment-related capabilities.