Nasdaq will invest $100 million in Payward, the parent company of cryptocurrency exchange Kraken, to build a trading infrastructure for tokenised equities. Nasdaq is making a big bet that tokenization of stocks and other assets are becoming part of the plumbing of the stock market. Key points and original sources are listed below.

• Nasdaq will invest $100 million in Payward, the parent company of cryptocurrency exchange Kraken, to build a trading infrastructure for tokenised equities. The project, branded as Nasdaq Equity Tokens, is slated for a 2027 launch. The initiative aims to remove...S1

• Nasdaq is making a big bet that tokenization of stocks and other assets are becoming part of the plumbing of the stock market.S2