Kraken will collaborate with Nasdaq to bring tokenized equities to the market.
Payward, the infrastructure company behind the US based crypto exchange Kraken, has announced a partnership with Nasdaq. The collaboration is focused on developing tokenized equities and strengthening the connection between traditional financial markets and blockchain powered systems.
This development reflects a broader push within the financial industry to modernize market infrastructure. As previously reported, the crypto sector recently played a leading role in global markets following the US strike on Iran.
Kraken’s tokenized equity product called xStocks will provide the permissionless infrastructure layer that will support issuer sponsored equity tokens on Nasdaq.
Tokenized stocks along with commodities such as gold, silver, and more recently crude oil have become a major topic in financial markets. Crypto enabled trading platforms allow these assets to be traded around the clock, unlike many traditional exchanges that operate within limited hours.
According to the official announcement, the initiative will build on the growing adoption of xStocks, which has already recorded more than 25 billion dollars in total transaction volume. In this partnership, Kraken will serve as a distribution partner.
Arjun Sethi, co chief executive officer of Payward and Kraken, explained that tokenization improves market infrastructure at the asset level by turning equities into programmable financial instruments that can function across regulated capital markets as well as open blockchain networks. He also noted that most equities today remain inside brokerage systems where their use is largely limited to simple price exposure and certain broker specific margin arrangements.
The partnership signals the continued institutional expansion of the crypto industry and a growing shift toward integrating traditional equities and commodities into blockchain based systems. It also highlights Kraken’s aggressive move into this space as the company continues to accelerate its involvement in the evolving tokenization landscape.#crypto#cryptonews https://t.me/coinsignalpublic https://coinsignals.net
