Market Infrastructure

Nasdaq’s venture capital arm is investing $100 million in Kraken’s parent company, Payward, to develop tokenized equities. This partnership, targeting a 2027 launch, will focus on building market infrastructure and surveillance technologies. Payward will integrate Nasdaq’s surveillance tech across its platforms, aiming to become a multi-asset trading venue. This move signifies Wall Street’s growing interest in tokenized securities and potential for faster trading.