Nasdaq plans to invest in Kraken's parent company Payward at a valuation of $21 billion

According to Bloomberg, informed sources say that Nasdaq will invest $100 million in Payward, the parent company of the cryptocurrency exchange Kraken, through its venture capital department to continue building infrastructure that supports stock tokenization trading.

This investment brings Payward's valuation to $21 billion and further expands the partnership announced by both parties in March of this year.