Current outcome
Nasdaq Ventures has agreed to a proposed $100 million investment in Kraken parent Payward, which plans to deploy Nasdaq surveillance across crypto, equities, tokenized equities, futures and options; the deal is not completed, valuation terms are undisclosed, and NETs remain targeted for Q2 2027.
Progress timeline
2 material updates- #01
Nasdaq Invests $100 Million in Kraken Parent Payward
Nasdaq Ventures is investing $100 million in Kraken parent Payward at a $21 billion valuation, with Payward adopting Nasdaq's surveillance technology across its trading venues.
Source evidence: The Defiant
- #02
Nasdaq deepens Kraken ties with proposed $100 million Payward investment
New facts clarify the $100 million investment is proposed/agreed but not completed, with no closing date, valuation, ownership percentage or governance rights disclosed; adds NET launch target of Q2 2027 and that tokens are not live.
State after update: Nasdaq Ventures has agreed to a proposed $100 million investment in Kraken parent Payward, which plans to deploy Nasdaq surveillance across crypto, equities, tokenized equities, futures and options; the deal is not completed, valuation terms are undisclosed, and NETs remain targeted for Q2 2027.
Source evidence: CryptoSlate