Nasdaq Ventures has committed $100 million to Payward, the parent company of crypto exchange Kraken. This strategic investment aims to bolster Nasdaq's push into round-the-clock trading and follows an existing partnership focused on developing equity token systems.
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Nasdaq is strategically expanding its market infrastructure by investing $100 million into Payward, the parent company of the crypto platform Kraken. This move, executed through Nasdaq Ventures, builds upon an existing partnership established in March to develop an equity token system, signaling a significant push toward round-the-clock trading capabilities.
Catalysts
- ▲ Strategic $100 million investment in Payward (Kraken's parent company)
- ▲ Ongoing development of an equity token system
Risk Factors
- ▼ Regulatory uncertainty surrounding crypto-equity integration
- ▼ Integration challenges between traditional exchange systems and crypto platforms
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How much did Nasdaq invest in Kraken's parent company?
Nasdaq invested $100 million through its strategic investment arm, Nasdaq Ventures.
What is the primary goal of the partnership between Nasdaq and Kraken?
The partnership aims to expand Nasdaq's capabilities into round-the-clock trading and develop an equity token system.