Nasdaq partners with Kraken for issuer-centric tokenized equities

Nasdaq and Kraken will enable tokenized equities to move between regulated and onchain markets while preserving issuer rights and regulatory compliance.

Nasdaq, the world’s second-largest stock exchange by market capitalization, is advancing tokenized equity development in collaboration with US crypto exchange Kraken.

Nasdaq plans to support equity tokenization in a way that preserves issuer control, the company announced Monday.

Nasdaq has partnered with Payward, the parent company of Kraken, and its subsidiary Backed, the issuer behind xStocks, to develop an equities transformation gateway.

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