Nasdaq and Kraken Parent Payward to Build Infrastructure for Tokenized Securities on March 9, 2026

On March 9, 2026 in New York, Nasdaq said it will work with Payward Inc., the parent of cryptocurrency exchange Kraken, to build infrastructure that supports the tokenization of securities. The effort will use Payward's xStocks platform to move assets such as equities and bonds from traditional trading systems onto blockchains, as exchanges in the U.S. and Europe pursue similar tokenized equity and settlement initiatives.