Nasdaq Partners With Kraken For Tokenization

Nasdaq announced on Monday it will partner with Payward, Kraken's parent company, to develop an "equity token design" enabling tokenized securities pending SEC approval. The exchange said the system would allow issuer‑sponsored tokenized shares, aim for a first‑half 2027 launch, and leverage Kraken's infrastructure and Fed master account benefits. The move aligns with wider industry efforts to enable 24/7 trading and blockchain-based settlement across capital markets.
Scoring Rationale
Official Nasdaq–Kraken partnership raises industry-wide tokenization prospects; regulatory approval and liquidity risks limit near-term operational impact.
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