Nasdaq Puts $100 Million Into Kraken's Parent to Buy
Deals & FundingNasdaq Ventures is investing $100 million in Payward, Kraken's parent, at a $21 billion valuation, deepening a partnership to launch Nasdaq Equity Tokens (NETs) — blockchain-based, voting-rights-attached versions of Nasdaq-listed stocks — through Kraken by the second quarter of 2027, alongside a market-surveillance agreement covering Payward's crypto, equities and derivatives venues.