Nasdaq Ventures agreed to inject $100M into Payward, valuing Kraken's parent at $21B, as part of a plan to jointly launch Nasdaq Equity Tokens (NETs) and deepen ties with Kraken's xStocks tokenized-equity platform. The rollout is targeted for 2027.
Matters because: Traditional exchanges are increasingly buying direct access to tokenization infrastructure rather than building competing products, which is a structural positive for the tokenization narrative.