Nasdaq has made a significant investment of $100 million in Payward, the parent company of cryptocurrency exchange Kraken, valuing the firm at $21 billion. This move highlights Nasdaq's strategic interest in expanding its footprint within the crypto sector.
According to CoinTelegraph, the investment is part of Nasdaq's broader initiative to develop tokenized stock products that enable round-the-clock trading, signaling a push toward more innovative financial instruments. CoinDesk also confirmed the $100 million injection at the $21 billion valuation, underscoring the growing collaboration between traditional financial markets and crypto platforms.
For Japanese investors, this development reflects the increasing convergence of regulated equity markets and digital assets, a trend that could influence local exchanges and trading hours in the FX and equities sectors.