Nasdaq to invest $100 million in Kraken parent to deepen tokenisation push

Nasdaq said on Thursday its venture arm agreed to invest $100 million in Payward, parent company of cryptocurrency exchange Kraken, deepening a partnership aimed at developing infrastructure for trading tokenised equities.

Established exchange operators are developing tokenised securities and related ‌infrastructure ⁠to capture ⁠growing investor interest in blockchain-based assets and compete with crypto-native ​platforms that are expanding into stocks and derivatives, including perpetual ​futures.