Crypto spent years trying to convince TradFi to come onchain.
Now TradFi is starting to build the infrastructure itself.
Nasdaq putting $100M into Kraken’s parent company for tokenized equities is a pretty interesting signal.
The RWA narrative might be just getting started.
🔥 BULLISH: Nasdaq is bringing stocks onto the blockchain with a $100 MILLION investment in Kraken parent Payward, per Bloomberg.
Kraken will distribute Nasdaq’s tokenized stocks with the same voting rights as conventional shares, connecting regulated markets with blockchain trading.
The investment remains unannounced. Both companies declined to comment.