The investment expands a strategic partnership to bring tokenized, voting-enabled equities to crypto exchange users.
- Nasdaq Ventures invested $100 million in Payward, the parent company of crypto exchange Kraken, valuing it at $21 billion.
- Kraken will distribute tokenized Nasdaq-listed stocks that carry the same voting rights as shares traded on Nasdaq’s exchange.
- The deal advances Nasdaq’s push into round-the-clock tokenized markets as U.S. exchange operators expand their blockchain infrastructure.
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The Definitive Stablecoin Landscape Series: Asia Pacific
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters :
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Crypto poured years into new products. The next challenge is keeping users
The Clarity Act stalled. Bankers aren’t hitting the brakes yet on crypto dealmaking
Payments firm OpenPayd targets year-end Nasdaq listing to fund U.S. expansion and acquisitions
Original sourceCoinDesk
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