Kraken will also adopt Nasdaq’s market surveillance technology across its trading venues.
Nasdaq invested $100 million in Payward as part of its push toward tokenized stock products with round-the-clock trading.
Deutsche Börse's April stake implied a $13.3 billion valuation. Five months on, Nasdaq is paying at $21 billion.
The Nasdaq-Payward partnership could accelerate the integration of traditional finance with blockchain, potentially reshaping global equity markets.
