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Nasdaq Invests $100 Million in Payward for Tokenised Equities Partnership
Nasdaq's venture capital division has made a significant investment of $100 million in Payward, the parent company of cryptocurrency exchange Kraken. This investment is part of a broader collaboration aimed at developing tokenised market infrastructure.
The partnership between Nasdaq and Payward focuses on enhancing the trading and settlement processes for tokenised equities, which are digital representations of traditional assets. This move reflects the growing interest in integrating blockchain technology within established financial markets, potentially transforming how assets are traded and managed.
By investing in Payward, Nasdaq aims to leverage the expertise of the cryptocurrency sector to innovate and improve market operations, signaling a commitment to advancing digital asset solutions in the financial industry.
Source: KLEA News