Nasdaq invests $100 million in Kraken's parent company at $21 billion valuation

65CRYPTO

Nasdaq invests $100 million in Kraken's parent company at $21 billion valuation

⚡ Markets: Bullish for the crypto sector, validating exchange business models and the broader tokenization thesis. Positive for Kraken's valuation and could lift sentiment for other exchange tokens and crypto assets.BTCETH

Stock exchange operator Nasdaq has invested $100 million in Payward Inc., the parent company of cryptocurrency exchange Kraken, valuing the firm at $21 billion. The partnership is aimed at developing tokenized stock trading capabilities.

West MSM: noneFinancial press 51 country

5 sources across the spectrum

Financial pressThe Block — Nasdaq to invest $100 million in Kraken parent Payward as firms expand partnership

Financial pressCNBC — Nasdaq invests $100 million in Kraken parent, eyeing 2027 launch of 'tokenized' stock trading

Financial pressDecrypt — Nasdaq Invests $100M in Kraken Parent Payward at $21B Valuation

Financial pressCoinDesk — Nasdaq invests $100 million in Kraken parent company Payward at $21 billion valuation

Financial pressCointelegraph — Nasdaq invests $100M in Kraken parent at $21B valuation: Report

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