Nasdaq Partners With Kraken for Tokenized Stocks, Launching 2027

In brief

• Nasdaq is partnering with Kraken parent company Payward to develop tokenized equities, built atop its xStocks framework.
• The initiative aims to “modernize processes” including corporate actions, shareholder engagement and proxy voting.
• The move comes amid a wider push towards tokenized stocks in the TradFi world from players such as the NYSE.