Nasdaq Ventures agreed to invest $100 million in Payward, Kraken's parent, at a $21 billion valuation according to Bloomberg, alongside a market surveillance agreement and Nasdaq Equity Tokens work targeting Q2 2027.

Nasdaq and Payward partnered on tokenized equity infrastructure, not a $100M equity deal. Here's what the arrangement actually involves and what

The deal will allow crypto traders to purchase tokenized shares of publicly traded companies while retaining standard shareholder voting rights.