Nasdaq Invests $100 Million In Kraken Parent Company
In a recent investment, Nasdaq allocated $100 million to Payward, the parent company of cryptocurrency exchange Kraken. This funding round valued Payward at $21 billion USD. The company had been seeking additional capital to reach a $20 billion USD valuation. This move by Nasdaq comes as Kraken, a leading exchange for technology stocks, expands its tokenized market infrastructure and prepares for 24/7 trading.
As part of the agreement, Kraken will distribute Nasdaq's tokenized stocks on its platform, enabling investors to acquire and own Nasdaq-listed stocks in a digital format while retaining traditional voting rights.
Written by urgent.news from Yahoo Finance's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Nasdaq commits $100 million to Kraken parent Payward thearabianpost.com
- Nasdaq invests $100M in Kraken parent company Payward to advance tokenized equities siliconangle.com
- Nasdaq Ventures to invest $100m in Kraken parent company Payward investing.com
- Nasdaq invests $100M in Kraken parent at $21B valuation: Report cointelegraph.com
- Sources: Nasdaq is investing $100M in Kraken parent Payward, valuing the cryptocurrency exchange at $21B; Kraken will distribute Nasdaq's tokenized stocks (Katherine Doherty/Bloomberg) bloomberg.com
- Nasdaq invests $100 million in Kraken parent, eyeing 2027 launch of 'tokenized' stock trading cnbc.com
- Nasdaq is investing $100 million in Kraken's parent to launch tokenized stocks qz.com
- Nasdaq Invests $100M in Kraken Parent Payward at $21B Valuation decrypt.co
