Nasdaq Invests $100 Million Into Kraken Parent Company

Nasdaq has confirmed a $100 million investment into Payward, which is the parent company behind the Kraken cryptocurrency exchange. This deal comes through the venture arm of the Nasdaq organization and sets the valuation of Payward at $21 billion.

This move strengthens a partnership that began earlier this year in March. The two companies intend to work together on building high quality market infrastructure. The primary goal is to improve how digital assets are traded, settled, and held in custody for institutional clients.

Investors will be watching to see how this funding helps Kraken expand its footprint in the professional trading space. As traditional finance firms continue to place bets on crypto platforms, this deal signals that major infrastructure providers see a long term future in digital assets.