Nasdaq Invests $100M in Payward at $21B — SkimNews
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- Payward received a $100 million investment from Nasdaq, with the Kraken parent valued at $21 billion according to Bloomberg sources.
- Nasdaq said the investment supports its expansion into tokenized assets, and Kraken will offer tokenized versions of Nasdaq-listed stocks on its platform.
- Nasdaq partnered with Payward in March and, a month before the investment, shared plans to acquire Level Markets as part of its “always-on” markets push.
- Kraken partnered with the London Stock Exchange earlier in September to launch 24/5 access to tokenized UK equity products beginning in 2027.
- Deutsche Börse invested $200 million in Payward in April as part of plans to expand access to blockchain-based securities and tokenized investment products.
- RWA.xyz reported that the distributed value of tokenized stocks exceeded $2.9 billion, up 7.4% over the past month.
Why it matters: The $100 million investment gives Payward a major exchange partner and a reported $21 billion valuation, while the planned Nasdaq-listed tokenized stocks extend that partnership into product distribution on Kraken. Kraken’s separate 24/5 UK launch, scheduled for 2027, broadens the same tokenized-equity push across another venue.
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