Nasdaq Invests $100M in Kraken Parent Payward at $21 Billion Valuation According to Bloomberg, Nasdaq is investing $100 million in Payward,…
Nasdaq Invests $100M in Kraken Parent Payward at $21 Billion Valuation
According to Bloomberg, Nasdaq is investing $100 million in Payward, the parent company of cryptocurrency exchange Kraken, through its venture investment arm. The capital injection values Payward at $21 billion and deepens a strategic partnership established between the two firms in March, according to people familiar with the matter. The collaboration aims to accelerate the buildout of next-generation market infrastructure designed to support the trading, settlement, and custody of tokenized equities.