Nasdaq deepens its crypto market footprint with a $100 million investment in Kraken's parent company, Payward, signaling a strategic move toward 24/7 equity trading infrastructure.
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.
Nasdaq invested $100 million through its strategic investment arm, Nasdaq Ventures.
The partnership aims to expand Nasdaq's capabilities into round-the-clock trading and develop an equity token system.
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.
Nasdaq aims to leverage the investment to expand its capabilities in round-the-clock trading and further develop equity token systems.