Nasdaq to Invest $100 Million in Kraken Parent Payward at a $21 Billion Valuation

Odaily: Nasdaq plans to invest $100 million in Payward, the parent company of crypto trading platform Kraken, at a valuation of $21 billion.

Previously, Nasdaq had partnered with Payward to jointly develop tokenized infrastructure, aiming to advance the tokenization of traditional financial assets such as on-chain equities. (Bloomberg)