Nasdaq Invests $100M in Kraken Parent Company: Report

MGBX Editorial TeamSep 10, 20266

Bitcoin Magazine Nasdaq Invests $100M in Kraken Parent Company: Report The deal between Kraken and Nasdaq will help build infrastructure for tokeniza

This article is for informational purposes only and does not constitute investment advice. Digital asset markets are volatile; manage risk carefully.

Nasdaq Invests $100M in Kraken Parent Company: Report - BTC

Details

The deal between Kraken and Nasdaq will help build infrastructure for tokenization, according to a Bloomberg report.

Nasdaq Inc. is investing $100 million in crypto exchange Kraken’s parent company, Payward, according to reports. 

The deal — not yet announced by either party — will help build out structure for tokenized stocks, Bloomberg reported Thursday, citing people familiar with the matter. The deal values the crypto company at $21 billion, according to the report. 

It comes as Wall Street increasingly eyes up bitcoin and crypto-related infrastructure. Kraken has made deals this year and last with traditional finance firms and the S&P Dow Jones Indices in March made a deal to debut a new derivative contract on decentralized exchange Hyperliquid. 

Bloomberg’s report said that Kraken will distribute Nasdaq’s tokenized stocks on its own platform, giving customers the ability to own Nasdaq-listed stocks in a tokenized form. 

Wall Street has been eying up crypto companies and their infrastructure particularly because its interested in tokenizing assets like stocks. 

In January, the New York Stock Exchange said it was building a platform allowing traders to buy and sell tokenized versions of US-listed equities and exchange-traded funds and settle those trades on the blockchain, 24/7.

Just last week, Payward, the parent company of crypto exchange Kraken, and fintech company SoFi Technologies announced a deal to route SoFi customers’ crypto orders through Kraken’s institutional trading platform and list SoFi’s stablecoin on the exchange.

Under the agreement, SoFi will send its digital asset order flow to Kraken Prime, Kraken’s prime brokerage arm, which launched in 2025. 

Kraken — like other crypto exchanges — is pushing into the traditional finance world, allowing users to trade stocks, bonds and other assets. The company has sold its app as a “primary account for everything.”

Coinbase CEO Brian Armstrong Says Clarity Act Will Pass — And That Bitcoin Bottom Is In

US Treasury Secretary Scott Bessent ‘Strongly Urges’ Senate To Pass Clarity Act

Jack Dorsey’s Block Becomes Latest Bitcoin-Focused Company To Apply for Banking Charter

Bitcoin Suffers On Renewed US-Iran Fighting 

Coinbase CEO Brian Armstrong Says Clarity Act Will Pass — And That Bitcoin Bottom Is In

US Treasury Secretary Scott Bessent ‘Strongly Urges’ Senate To Pass Clarity Act

Watch live, catch up on episodes, and get exclusive content on the go.

Bitcoin Magazine is published by BTC Inc., a subsidiary of Nakamoto Inc. (NASDAQ: NAKA).

BTC