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Morning Edition · Friday, September 11, 2026Published at 1:49 AM EDT · New York
Nasdaq Buys Into Kraken's Parent at a $21 Billion Valuation as the SEC Moves on Share Records
The $100 million investment targets tokenization infrastructure, while a Securities and Exchange Commission proposal would remove the duplicate off-chain shareholder register that tokenized securities must currently maintain.
Nasdaq is investing $100 million in Payward, Kraken's parent company, at a $21 billion valuation, according to a Bloomberg report. The stated purpose is building infrastructure for tokenization, which puts one of the world's largest listing…
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Tokenized Equities Push Onto Public Blockchains
Over 3-6 months, exchanges and banks accelerate moving real equities on-chain — tokenized stocks with on-chain dividends and composable trading — turning the contest over open vs. closed tokenization venues into a concrete product race.
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