Nasdaq Reportedly Puts $100 Million Into Kraken Parent Company

Nasdaq is reportedly investing 100 million dollars into Payward, the parent company behind the Kraken crypto exchange. While neither company has officially confirmed the news, sources suggest the move values Kraken at roughly 21 billion dollars.

The investment aims to build a framework for tokenized stocks. Once established, this partnership would allow Kraken users to trade Nasdaq listed stocks directly on their platform in a tokenized format. This marks a major step in the ongoing effort by Wall Street firms to bring traditional assets onto the blockchain.

This deal follows a wave of institutional interest in crypto infrastructure. Other major players like the New York Stock Exchange are also building platforms for 24/7 trading of tokenized equities. Kraken has been busy lately, recently partnering with SoFi to route crypto orders through its institutional arm.

Investors should watch how these tokenized stock offerings affect trading volume and accessibility. As exchanges shift toward becoming all in one financial hubs, the bridge between traditional stocks and digital assets is becoming much harder to ignore.