Nasdaq Partners With Kraken Operator Payward to Roll Out Tokenized Equities via xStockz

Payward, the company behind the US-based crypto exchange Kraken, has announced a collaboration with Nasdaq to develop tokenized equities using its xStockz product. The initiative will use a permissionless infrastructure layer to support issuer-sponsored equity tokens and expands on xStockz's reported total transaction volume of over $25 billion. Kraken will act as a distribution partner in a move that reflects the broader trend of bringing traditional equities and commodities into blockchain-based markets.