Nasdaq Invests $100M in Kraken's Parent for Tokenization Push; Eyes 2027 Equity Token Launch
September 10, 2026
Nasdaq’s venture arm will invest $100 million in Payward, the parent of Kraken, to deepen collaboration on tokenization infrastructure for trading tokenized equities, signaling a push into crypto-enabled market infrastructure.
As part of the deal, Nasdaq will extend its market surveillance tech to Payward to support market integrity across ecosystems, and Nasdaq’s Equity Tokens are slated for launch in the second quarter of 2027, designed to integrate with xStocks and Nasdaq’s Digital Liquidity Networks for around-the-clock markets with traditional protections.
Analysts note that tokenized stock volumes remain modest versus traditional trading, but the investment emphasizes real-world infrastructure and potential long-term rewards if adoption accelerates.
The weekly funding tally relies on CryptoRank’s funding database and Crypto Fundraising’s deal records, with some rounds or valuations omitted when disclosures were incomplete.
Bitcoin price analysis suggests a potential hold in the $73k–$75k range before a rally toward $85k, framed by imbalance zones and fair-value gaps.
US inflation snapshots, including an August Producer Price Index uptick and weekly jobless claims around 206,000, reinforce ongoing inflation concerns.
Disclaimer accompanies the reporting, stating it is informational and not financial advice, and urges independent research and consultation with licensed professionals.
Other major coins like Solana and Cardano are discussed as solid but potentially priced in, with Solana’s rally and DeFi activity noted and Cardano’s stake pools and governance changes mentioned.
Pepeto emphasizes real product readiness with a credible track record, including a full code review by SolidProof and Binance involvement, distinguishing it from projects without working products.
Circle’s CEO commentary underscores strategic fit and faster USDC adoption, with coverage and price targets from Keefe Bruyette and Clear Street supporting the rationale.
Ethereum trades near $2,473 with substantial holdings by BitMine, signaling institutional confidence even as ETH remains significantly below its 2025 peak.
The piece stresses the importance of interoperable, real-world use cases and infrastructure to sustain crypto demand beyond speculative trading.
Summary based on 35 sources
Get a daily email with more Crypto stories
Sources

Bitcoin Magazine • Sep 10, 2026
Nasdaq Invests $100M In Kraken Parent Company: Report
Cointelegraph • Sep 10, 2026
Nasdaq invests $100M in Kraken parent at $21B valuation: Report
Decrypt • Sep 10, 2026
Nasdaq Invests $100M in Kraken Parent Payward at $21B Valuation
Bitcoin News • Sep 10, 2026
Nasdaq Drops $100M on Kraken Parent in Tokenized Stock Power Play