Nasdaq invests $100 million in Kraken parent Payward at $21 billion valuation

Nasdaq’s venture arm is reportedly investing $100 million in Payward, Kraken’s parent company, at a $21 billion valuation. The expanded partnership also has Kraken distributing Nasdaq tokenized stocks with the same voting rights as ordinary shares.
AI Analysis
The article reports a major strategic investment and an expanded product partnership involving a large exchange and a major crypto platform, including tokenized stocks with voting rights. These are concrete developments that could support sentiment around Kraken and tokenized equities.