Nasdaq partners with Kraken for issuer-centric tokenized equities
Nasdaq and Kraken will enable tokenized equities to move between regulated and onchain markets while preserving issuer rights and regulatory compliance.
Nasdaq, the world’s second-largest stock exchange by market capitalization, is expanding its push into tokenized equities through a partnership with crypto exchange Kraken and its infrastructure affiliate Backed.
The exchange said Monday it plans to support equity tokenization in a way that preserves issuer control, as it looks to connect traditional market infrastructure with blockchain-based networks.
Nasdaq has partnered with Payward, Kraken’s parent company, and its subsidiary Backed, the issuer behind xStocks, to develop an equities transformation gateway.