Crypto
Nasdaq Puts $100M Behind Tokenized Stocks With Kraken Partnership
Nasdaq has committed $100 million to Payward, Kraken's holding company, to develop tokenized equities and infrastructure solutions.
The partnership aims to connect regulated capital markets with blockchain networks, offering a more efficient way to transfer securities between traditional and decentralized networks.
Nasdaq Equity Tokens (NETs) will allow public companies to retain control over how their shares are represented and traded as tokens, based on traditional governance protocols.