POPA ReconNasdaq Invests $100M in Kraken's Parent at $21B
Nasdaq Invests $100M in Kraken's Parent at $21B Nasdaq's venture arm is investing $100 million in Payward, the parent of crypto exchange Kraken, in a deal that values the company at $21 billion and expands a tokenization partnership the two struck in March. The capital deepens a plan to build an equities transformation gateway powered by Kraken's xStocks, letting tokenized shares move between Nasdaq's regulated, permissioned markets and permissionless public blockchains in eligible jurisdictions. Under the arrangement, Kraken serves as the primary settlement layer for Nasdaq's planned equity…
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