Nasdaq Invests $100M in Payward at $21B Valuation

Nasdaq has made a significant investment in Payward, the parent company of cryptocurrency exchange Kraken. The investment totals $100 million and values Payward at an impressive $21 billion.

This move marks another milestone for Nasdaq's investments in crypto exchanges, further solidifying its presence in the industry. Payward operates multiple layers that support global cryptocurrency flows, including trading, custody, and payments.

The company also supports Bitcoin liquidity pools, a key component of the cryptocurrency market.