Nasdaq announced a collaboration with Payward, parent company of Kraken, to build tokenization infrastructure targeting blockchain-based equities. The deal positions Nasdaq to participate in the nascent market for tokenized securities and could increase future trading and issuance fee opportunities for exchange-linked venues. Execution and regulatory integration remain key risks, but the partnership is sector-positive for exchanges and crypto infrastructure providers.
Nasdaq announced a collaboration with Payward, parent company of Kraken, to build tokenization infrastructure targeting blockchain-based equities. The deal positions Nasdaq to participate in the nascent market for tokenized securities and could increase future trading and issuance fee opportunities for exchange-linked venues. Execution and regulatory integration remain key risks, but the partnership is sector-positive for exchanges and crypto infrastructure providers.
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moderately positive
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