Nasdaq is partnering with Payward, the parent company of crypto exchange Kraken, to develop a framework for 24/7 trading of tokenized stocks. The companies target a launch for the new platform in the first half of 2027.
The collaboration creates a gateway connecting regulated institutional markets with decentralized blockchain networks. Nasdaq will develop an issuer-sponsored token design that preserves shareholder rights, including proxy voting.
Kraken will serve as the primary settlement layer using its existing xStocks infrastructure. The exchange will also manage compliance aspects, including KYC and AML protocols.