Nasdaq Drops $100M on Kraken Parent for Tokenized Stocks

Nasdaq Ventures is investing $100 million into Payward, the parent company of crypto exchange Kraken. This funding solidifies a partnership that began earlier in March, with a clear focus on moving traditional stocks onto blockchain rails. Both companies want to build trading markets that can operate well beyond standard Wall Street hours.

Bringing tokenized equities to the blockchain marks a major step for traditional financial giants mixing with digital assets. By using blockchain infrastructure, markets can potentially offer faster settlement and round the clock trading for everyday investors. This move shows traditional finance is getting much more serious about tokenization.

Traders and market watchers will want to watch how regulators respond to these round the clock tokenized stock markets. If successful, this partnership could open the floodgates for more traditional assets to move on chain over the coming years.