Nasdaq Invests $100 Million in Payward, Parent Company of Kraken
Nasdaq (NDAQ) has announced a $100 million investment into Payward, the parent company of crypto platform Kraken. This move is part of Nasdaq's broader strategy to expand its trading capabilities beyond traditional hours and into digital assets. The collaboration began in March with plans for an equity token system that allows equities to be transferred across different market environments. The partnership aims to leverage blockchain technology to facilitate seamless, round-the-clock trading through tokenization. This investment underscores Nasdaq's commitment to innovation within the financial markets sector as it seeks to adapt to evolving investor demands and technological advancements in digital finance.
Tickers: $NDAQ
Topics: Crypto Kraken Nasdaq Strategic Investment