# 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.

- Published: 2026-09-11T05:49:36.633Z
- Canonical: https://polylog.news/crypto/2026-09-11/nasdaq-buys-into-kraken-s-parent-at-a-21-billion-valuation-a
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [Bitcoin Magazine](https://bitcoinmagazine.com/news/nasdaq-invests-in-kraken), [Polylog editors](https://polylog.news), [CoinDesk](https://www.coindesk.com/business/2026/09/10/why-a-new-sec-plan-could-end-the-legal-headaches-of-holding-tokenized-securities)

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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