Nasdaq and Kraken announced a partnership as part of Nasdaq’s tokenized equity initiative, aimed at integrating traditional capital markets with decentralized finance.
Per announcements from Kraken and Nasdaq today, March 9, the traditional brokerage giant will collaborate with Payward, Kraken’s parent company, to develop gateway that connects permissioned and permissionless tokenized equities markets. The partnership involves connecting Nasdaq’s infrastructure with xStocks, the tokenization platform originally developed by Kraken and Backed.
The partnership was announced as part of Nasdaq’s initiative to launch its new equity token design, which it says prioritizes giving public companies “more control over their shares in tokenized form.”
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