Current outcome
Nasdaq invested $100 million in Payward, Kraken's parent company, at a $21 billion valuation, with funds from its venture arm and an extension of a March partnership; Kraken will distribute Nasdaq-listed tokenized stocks carrying full voting rights, and Payward will adopt Nasdaq's surveillance technology across its crypto, equities, tokenized equities, futures, and options venues.
Progress timeline
3 material updates- #01
Nasdaq invests $100 million in Kraken parent company Payward at $21 billion valuation
Nasdaq invested $100 million in Payward, the parent company of crypto exchange Kraken, at a $21 billion valuation.
Source evidence: CoinDesk · coinpedia.org · Bitcoin News
- #02
Nasdaq Invests $100M in Kraken Parent Payward at $21B Valuation
Nasdaq's venture arm is making the $100 million investment, and Kraken will distribute Nasdaq-listed tokenized stocks carrying full voting rights; the deal extends a partnership struck in March.
State after update: Nasdaq invested $100 million in Payward, Kraken's parent company, at a $21 billion valuation, with funds from its venture arm and an extension of a March partnership; Kraken will distribute Nasdaq-listed tokenized stocks carrying full voting rights.
- #03
Nasdaq invests $100M in Kraken parent at $21B valuation: Report
Payward will adopt Nasdaq's surveillance technology across its crypto, equities, tokenized equities, futures, and options venues.
State after update: Nasdaq invested $100 million in Payward, Kraken's parent company, at a $21 billion valuation, with funds from its venture arm and an extension of a March partnership; Kraken will distribute Nasdaq-listed tokenized stocks carrying full voting rights, and Payward will adopt Nasdaq's surveillance technology across its crypto, equities, tokenized equities, futures, and options venues.
Source evidence: Cointelegraph