🦑💥 #Kraken #Nasdaq #Payward #Crypto

Nasdaq is investing $100M in Payward, the parent company of Kraken, at a valuation of approximately $21B. 🚀💰

The investment strengthens their partnership around tokenized equities and blockchain infrastructure. 🏦⛓️

Nasdaq and Payward are developing the Nasdaq Equity Token (NET) framework, bringing traditional equities onto blockchain infrastructure while maintaining market protections. 📈

Payward is also expanding beyond crypto trading into payments, custody, lending and tokenization.

The company is additionally exploring becoming a full-service bank outside the U.S. 🌍🏦

🔥 Traditional finance and crypto infrastructure are moving closer together.

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