Nasdaq Invests $100M in Kraken Parent Payward at $21B Valuation
Tom Rudovsky · Reported by The Block
Sentiment
Positive
Importance
9
Price
0
Mkt Cap
0
52W Low
0
52W High
0
52W Position
Off High
Rel. Volume
Market data snapshot near publication time
Summary
Nasdaq Ventures is investing $100 million in Payward, Kraken's parent, at a $21 billion valuation. The deal expands their partnership: Payward will adopt Nasdaq's market surveillance tech across all its venues, and they're advancing Nasdaq Equity Tokens (NETs) with a Q2 2027 launch target. This follows Payward's Q2 revenue of $508M and its recent LSE tokenization deal. The investment validates Payward's infrastructure play and deepens its institutional ties. Watch for regulatory approvals and the NETs launch timeline.
This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: The Block.