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Nasdaq invests $100M in Kraken parent Payward
Nasdaq Ventures has committed $100 million to Payward, the parent company of the cryptocurrency exchange Kraken. This strategic investment aims to accelerate the development of market infrastructure that bridges traditional finance and blockchain technology.
The partnership focuses on the creation of Nasdaq Equity Tokens (NETs), which are tokenized versions of listed stocks. These tokens are designed to preserve shareholder rights, such as voting, while enabling 24/7 trading and near-instant on-chain settlement. Nasdaq expects to launch the NETs framework in the second quarter of 2027.
As part of the expanded agreement, Payward will integrate Nasdaq’s market surveillance technology across its various trading venues, including crypto, equities, futures, and options. This move is intended to enhance market integrity and regulatory compliance as the boundaries between conventional market infrastructure and digital assets continue to blur. While some reports cite a $21 billion valuation for Payward, Nasdaq has not officially confirmed this specific figure.
Entities
Andel · Bank for International Settlements · Bloomberg · Cloetta · Deutsche Börse · Dormy · ECB · Google · Handelsbanken · Kpler · Kraken · Nasdaq
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 14 SOURCES] The launch of Nasdaq Equity Tokens (NETs) is expected in the second quarter of 2027. www.insider.gr · www.blocktempo.com · www.tronweekly.com · crypto.news · www.btc-echo.de · +8 more
- [● 11 SOURCES] The investment values Payward at $21 billion, according to reports citing unnamed sources. www.insider.gr · www.blocktempo.com · coinpedia.org · decrypt.co · cointelegraph.com · +6 more
- [● 14 SOURCES] Nasdaq Ventures is investing $100 million in Payward, the parent company of Kraken. www.insider.gr · www.blocktempo.com · coinpedia.org · decrypt.co · cointelegraph.com · +8 more
- [○ 1 SOURCE] Payward reported adjusted revenue of $508 million for the second quarter.
- [● 3 SOURCES] Deutsche Börse invested $200 million in Payward in April. decrypt.co · cointelegraph.com
- [● 10 SOURCES] Payward will implement Nasdaq’s market surveillance technology across its trading venues. www.insider.gr · www.blocktempo.com · www.tronweekly.com · crypto.news · www.btc-echo.de · +4 more
- [○ 1 SOURCE] Payward reported an adjusted EBITDA of $23 million.
- [● 11 SOURCES] Kraken will distribute tokenized versions of Nasdaq-listed stocks on its platform. www.insider.gr · www.blocktempo.com · decrypt.co · cointelegraph.com · www.tronweekly.com · +5 more