Bloomberg · Wall Street · New York · Bitcoin Magazine
Nasdaq Pours in $100 million in Kraken Parent Company: Report
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The deal between Kraken and Nasdaq will help build infrastructure for tokenization, according to a Bloomberg report.
Key facts
- In January, the New York Stock Exchange said it was building a platform allowing traders to buy and sell tokenized versions of US-listed equities and exchange-traded funds and settle those trades
- Nasdaq Inc. is investing $100 million in crypto exchange Kraken’s parent company, Payward, according to reports
- Under the agreement, SoFi will send its digital asset order flow to Kraken Prime, Kraken’s prime brokerage arm, which launched in 2025
- It comes as Wall Street increasingly eyes up bitcoin and crypto-related infrastructure
Summary
Nasdaq Inc. is investing $100 million in crypto exchange Kraken’s parent company, Payward, according to reports. The deal, not yet announced by either party, will help build out structure for tokenized stocks, Thursday, citing people familiar with the matter. It comes as Wall Street increasingly eyes up bitcoin and crypto-related infrastructure. Bloomberg’s report said that Kraken will distribute Nasdaq’s tokenized stocks on its own platform, giving customers the ability to own Nasdaq-listed stocks in a tokenized form.