Nasdaq Is Betting on Tokenized Stocks. Here's Why It Just Bought a $100 Million Stake in Kraken's Parent.
The two companies will combine to complete and deploy a tokenized stock trading platform.
Overview
Last week, the investing world inched closer to 24/7, rapid-settlement stock trading. That, at least, is the promise of a recent initiative by stock exchange operator Nasdaq (NASDAQ: NDAQ), which reported that the effort has entered a new stage.
Specifically, the company announced it is teaming up with Payward -- the parent company of the crypto exchange Kraken -- to bring its tokenized stock platform closer to realization. Here are the key elements of this deal.
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Originally published at www.fool.com.
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