Nasdaq Teams Up With Kraken to Deliver Tokenized Stocks
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Payward (Kraken) partners with Nasdaq to develop tokenized equities, a significant institutional step to bridge traditional capital markets and blockchain. - The initiative should accelerate crypto adoption and CEX liquidity for tokenized securities and potential token launches, while heightening regulatory and security scrutiny around custody and compliant issuance.
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Payward, the infrastructure platform behind the popular US-based crypto exchange Kraken, has announced that it will be teaming up with Nasdaq. The initiative aims to develop tokenized equities and further bridge traditional capital markets with blockchain-based financial systems.
The move highlights a growing effort within the traditional financial industry to modernize its infrastructure. As CryptoPotato reported earlier last week, it was indeed the crypto industry that led global markets following the US strike on Iran.
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