Nasdaq Ventures to Invest $100M in Payward for Tokenized Equities
Nasdaq’s venture arm agreed to invest $100 million in Payward, parent of crypto exchange Kraken, to build infrastructure for tokenized equities. The funding, through Nasdaq Ventures and led by Digital Liquidity Networks, expands Nasdaq Equity Tokens (NETs) and targets global distribution and trading. The next phase aims for onchain settlement with rails that remain open while preserving shareholder rights.