Nasdaq Partners With Kraken on Tokenized Stocks, Eyes 2027 Launch
Nasdaq announced plans for a tokenized shares framework and will partner with Payward, parent of crypto exchange Kraken, to build a gateway linking regulated stock markets to blockchain networks. The program is set to launch in the first half of 2027. Kraken will help distribute tokenized shares in Europe and other markets outside the U.S. The plan requires SEC approval and updated market infrastructure.