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.
Key Points
- 1Announces partnership with Payward to design issuer-sponsored equity tokens, pending SEC approval
- 2Positions Nasdaq to enable 24/7 trading and blockchain settlement, leveraging Kraken's infrastructure
- 3Requires regulatory approval; practitioners must address liquidity, circuit breakers, and custody coordination
Scoring Rationale
Official Nasdaq–Kraken partnership raises industry-wide tokenization prospects; regulatory approval and liquidity risks limit near-term operational impact.
Sources
Public references used for this report.
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