Nasdaq Partners With Kraken to Launch Tokenized Stocks in the U.S.

TheNewsCryptoPublicado em 2026-03-09Última atualização em 2026-03-09

Resumo

Nasdaq has partnered with Kraken and its parent company Payward to develop infrastructure for tokenized stocks and equity products in the U.S. The collaboration will enable public companies to issue and trade blockchain-based versions of their shares while preserving legal rights and regulatory oversight. Nasdaq will create an equity token design to integrate tokenized stocks and ETPs into its regulated systems, ensuring holders retain voting rights and dividend benefits. Kraken will handle distribution and settlement via its xStocks framework. The initiative, pending regulatory approval, builds on a 2025 SEC proposal and is expected to launch in the first half of 2027.

Nasdaq has announced a partnership with cryptocurrency exchange Kraken and its parent company Payward to develop infrastructure for tokenized stocks and related equity products. The collaboration aims to enable publicly traded companies to issue and trade blockchain‐based versions of their shares while preserving legal rights and regulatory oversight.

Under the plan, Nasdaq will build an “equity token design” that allows tokenized versions of stocks and exchange‐traded products (ETPs) to be integrated with its regulated market systems. Each tokenized share will remain legally equivalent to the underlying security, with holders entitled to the same voting rights and dividend benefits as traditional shareholders. The approach is designed to maintain issuer control, investor protections, and market integrity.

How Nasdaq and Kraken Plan to Trade Tokenized Shares Securely

Kraken’s role will focus on distribution and settlement infrastructure through its xStocks tokenized equities framework. The companies said they plan to build an “equities transformation gateway” to move tokenized shares between Nasdaq systems and blockchain networks. This allows investors to trade digital shares securely within a regulated environment.

xStocks has already processed significant transaction volume and has tens of thousands of holders, reflecting growing adoption of tokenized equity products.

The initiative builds on a Nasdaq proposal filed with the U.S. Securities and Exchange Commission in 2025 to support trading and settlement of tokenized securities alongside traditional shares. Nasdaq expects the equity token design and related services to become operational in the first half of 2027, subject to regulatory approvals.

Nasdaq President Tal Cohen said tokenization could enhance how investors access markets and how issuers engage with shareholders. The collaboration reflects broader industry interest in bridging traditional finance infrastructure with blockchain‐based systems.

Highlighted Crypto News Today:

Coinbase Introduces Regulated Bitcoin and Ethereum Futures Trading Across Europe

TagsBitcoinCrypto MarketETHEREUMKrakenNASDAQStock

Perguntas relacionadas

QWhat is the main purpose of the partnership between Nasdaq and Kraken?

AThe partnership aims to develop infrastructure for tokenized stocks and related equity products, enabling publicly traded companies to issue and trade blockchain-based versions of their shares while preserving legal rights and regulatory oversight.

QHow will tokenized shares maintain equivalence to traditional securities?

AEach tokenized share will remain legally equivalent to the underlying security, with holders entitled to the same voting rights and dividend benefits as traditional shareholders.

QWhat role will Kraken play in this initiative?

AKraken will focus on distribution and settlement infrastructure through its xStocks tokenized equities framework, including building an equities transformation gateway to move tokenized shares between Nasdaq systems and blockchain networks.

QWhen does Nasdaq expect the equity token services to become operational?

ANasdaq expects the equity token design and related services to become operational in the first half of 2027, subject to regulatory approvals.

QWhat existing framework has Kraken's xStocks already demonstrated success with?

AxStocks has already processed significant transaction volume and has tens of thousands of holders, reflecting growing adoption of tokenized equity products.

Leituras Relacionadas

Dan Koe: The Counterintuitive Truth—You Don't Need to Remember Everything You Read

Dan Koe: The Counterintuitive Truth — You Don't Need to Remember Everything You Read The central idea is that deliberately trying to remember information is often misguided. True learning isn't about memorizing facts but about having important knowledge surface naturally when needed through use. Most forgetting is normal, not a failure. The article reframes learning using a control theory framework—a four-step feedback loop: having a clear Goal, accurately Sensing your current state, Comparing the gap, and Acting to close it. Most learning stalls because people only do step 2 (blind input) without a goal to create the necessary "error signal" for focused action. The most effective method is to start with output, not input. Begin a meaningful personal project first, and learn only what's necessary to complete it. This project-driven, "just-in-time" learning ensures knowledge is contextual and retained. The concept of a "Second Brain" often fails because it becomes a digital graveyard—over-collected and under-utilized. The goal should be building a "Second Subconscious"—a dynamic system that proactively surfaces relevant ideas during creation, not a static storage vault. Tools like Obsidian+Claude or Eden can help by automating organization and enabling semantic search, but their value depends on linking knowledge to active projects. Ultimately, what matters is not what you store, but what you filter and internalize. Focus on ideas that shape your worldview, use projects as filters, and transform collected material through writing and sharing. AI should be used to reduce friction in research and editing, not to formulate your core views. In conclusion, remembering is a byproduct, not the goal. Knowledge that sticks comes from pursuing personal goals, applying it in real projects, and digesting it through creation. The tools are merely aids; the crucial step is to start doing meaningful work and let the necessary knowledge find you.

marsbitHá 49m

Dan Koe: The Counterintuitive Truth—You Don't Need to Remember Everything You Read

marsbitHá 49m

A New Era: The Fundamental Transformation of China's Entrepreneurs

A profound generational shift is underway among Chinese entrepreneurs. The wealth and influence once dominated by real estate and internet giants is now being claimed by a new wave of founders driving breakthroughs in AI, semiconductors, and robotics. This change is vividly reflected in 2026's wealth rankings. Figures like Zhang Yiming (ByteDance), Liang Wenfeng (DeepSeek), Chen Tianshi (Cambricon), and Wang Xingxing (Unitree Robotics) are ascending. Their wealth stems not from traditional business models but from market expectations for future technological competitiveness, with AI, chips, and smart hardware becoming the primary engines of wealth creation. Their common trait is a foundational focus on technology, often starting from the laboratory rather than a business plan. Examples include Chen Tianshi's decade-long push in AI chips, Liang Wenfeng's core algorithmic innovations at DeepSeek with a compact team, and Zhu Yiming's "no salary until profitable" 9-year journey to build Changxin Memory into a global DRAM player. This transition marks a fundamental shift in China's economic imperative: from commercial expansion and learning to indigenous innovation and deep industrial capability. While the previous generation built the foundational market and infrastructure, this new cohort is tasked with achieving global leadership in core technologies, moving China from "keeping pace" to pioneering original, breakthrough innovations that are industrialized at scale. The baton is being passed to those competing on the world stage through technological originality.

marsbitHá 49m

A New Era: The Fundamental Transformation of China's Entrepreneurs

marsbitHá 49m

Japanese Financial Giant Holding $42 Billion in XRP Explains the Reason for XRP's Price Drop!

A Japanese financial giant, SBI Holdings, which holds $42.2 billion worth of XRP, has attributed the recent price decline of XRP to regulatory uncertainty in the United States. CEO Yoshitaka Kitao stated that investors are cautiously awaiting the outcome of the U.S. Clarity Act, a pivotal cryptocurrency regulation bill currently pending Senate approval. This hesitation, he explained, has exerted downward pressure on the broader crypto market and specifically on XRP's price. Despite the current market weakness, SBI reaffirmed its long-term confidence in XRP, emphasizing its continued status as a strategic asset for the company. The firm's substantial holdings underscore its commitment to the digital asset despite short-term regulatory headwinds.

cryptonews.ruHá 1h

Japanese Financial Giant Holding $42 Billion in XRP Explains the Reason for XRP's Price Drop!

cryptonews.ruHá 1h

How Fake World Assets and onchain gacha became crypto’s latest craze

The crypto space is buzzing with a new trend called Fake World Assets (FWAs), a gamified onchain "gacha" system. Users pay to spin for a random NFT backed by Ether, with prizes from collections like CryptoPunks and Azuki. Shortly after launch, FWA briefly became Ethereum's top gas consumer, generating $1.53 million in daily fees at its peak. While its Total Value Locked has climbed over $6 million, critics like investor Simon Dedic argue the frenzy is driven more by token incentives than genuine demand, labeling it gambling for "crypto degens." Proponents see it as an innovative fusion of collectibles, speculation, and play. The protocol has two sides: NFT holders provide liquidity to earn fees, while players chase valuable prizes. Analysts compare the appeal to a lottery, offering hope and entertainment. The key question is whether onchain gacha represents a lasting retail use case for crypto or just another short-lived speculative craze. Its longevity will be tested as initial hype and rewards diminish.

cointelegraphHá 1h

How Fake World Assets and onchain gacha became crypto’s latest craze

cointelegraphHá 1h

Once-Popular Web3 Enters Wave of Layoffs

The once-hot Web3 industry is experiencing a severe wave of layoffs. While many companies attribute job cuts to AI-driven restructuring, the primary reason is often financial pressure. The Web3 sector, at the intersection of tech and finance, has been hit particularly hard. Employees at major cryptocurrency exchanges report sudden, impersonal layoffs—often with system access revoked overnight—and minimal or no severance. Common tactics include setting impossible performance targets or terminating employees for minor policy violations. The working atmosphere has become toxic, marked by intense monitoring, excessive meetings, and management obsessed with control and internal politics rather than product innovation. The industry's core business model is collapsing. Exchange revenue from trading fees and listing charges has plummeted due to a decline in quality projects and retail investor exodus. Events like the massive forced liquidation on October 10th further shattered confidence. Competition from on-chain derivatives platforms and prediction markets is intensifying the downturn. As layoffs continue, displaced workers struggle to find new opportunities. Many transition to the AI sector, but face significant bias from traditional finance and even some AI firms, which view crypto industry experience with suspicion. The current downturn appears more structural than cyclical, driven by unsustainable practices, internal strife, and a failure to innovate, raising questions about the industry's future trajectory.

marsbitHá 1h

Once-Popular Web3 Enters Wave of Layoffs

marsbitHá 1h

Trading

Spot
活动图片

Categorias popularesright-arrow

Etiquetas Popularesright-arrow