Nasdaq Invests $100M in Kraken Parent Payward at $21B Valuation

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Nasdaq has made a $100 million investment in Payward, the parent company of cryptocurrency exchange Kraken, valuing the firm at $21 billion. The deal deepens an existing strategic partnership between the two financial entities. The collaboration is aimed at bringing tokenized equities with voting rights to users of the Kraken platform. This move signals growing institutional interest in bridging traditional finance with crypto markets.

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