Nasdaq Invests $100 Million in Kraken Parent Company Payward

TLDR Nasdaq has invested $100 million in Payward, the parent company of Kraken, valuing the firm at $21 billion. The investment turns an earlier partnership between Nasdaq and Kraken into a direct financial stake. Both companies are working on a system called the Equities Transformation Gateway to support tokenized stock trading. The gateway is expected [...]

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