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

TheNewsCryptoОпубликовано 2026-03-09Обновлено 2026-03-09

Введение

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

Связанные с этим вопросы

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.

Похожее

Booking.com Founder Jeff Hoffman: How Web3 and AI Are Reshaping the Trillion-Dollar Social Travel Market

Booking.com co-founder Jeff Hoffman discusses how Web3 and AI are set to reshape the multitrillion-dollar social travel market. Hoffman, who co-founded Priceline and helped build Booking.com into a global giant, emphasizes that the current travel industry remains fragmented and inefficient. He argues that Web3 introduces structural disruption by enabling direct connections, transparent economics, and faster settlements, while AI powers personalization and smarter recommendations. Hoffman highlights key trends driving this shift: travelers demand flexible, authentic rewards instead of expiring points; digital and borderless payments are becoming standard; and people trust communities more than ads. He joined Staynex not for its Web3 label but because it aligns with these trends—integrating booking, rewards, AI, and payments into a seamless ecosystem. Looking ahead, Hoffman predicts travel will evolve from transactional to relational, with blockchain enabling transparent rewards and cross-border payments, and AI delivering hyper-personalized experiences. He believes the most valuable platforms will own the network around payments, loyalty, and community, making social travel one of the most underestimated opportunities in Web3.

marsbit14 мин. назад

Booking.com Founder Jeff Hoffman: How Web3 and AI Are Reshaping the Trillion-Dollar Social Travel Market

marsbit14 мин. назад

Is It Illegal for Crypto KOLs to Run Paid Communities and Sell Courses?

Summary: This article, authored by lawyer Shao Shiwei, addresses the legal risks faced by crypto Key Opinion Leaders (KOLs) who offer paid communities and courses related to cryptocurrency trading. The author explains that while there is no direct licensing system for such activities in China, authorities still reference virtual currency policies in enforcement. KOL activities are categorized into three risk levels: 1. Low-risk: Historical trend analysis and basic education without real-time guidance. 2. Medium-risk: Providing daily market analysis and ambiguous suggestions (e.g., "this position is worth watching"). 3. High-risk: Explicit trading signals, specific buy/sell points, or profit-sharing arrangements. Key legal risks include civil liability (e.g., user lawsuits over losses) and criminal charges (e.g., fraud accusations if users suffer losses). Even disclaimers like "not investment advice" may not protect KOLs, as courts focus on the实质 (substance) of the content. The article emphasizes that risk depends on whether content is perceived as operational guidance, its influence on user decisions, and payment structures. KOLs are advised to assess their specific business models carefully.

marsbit37 мин. назад

Is It Illegal for Crypto KOLs to Run Paid Communities and Sell Courses?

marsbit37 мин. назад

Cook's Curtain Call and Ternus Takes the Helm: The Disruption and Reboot of Apple's 4 Trillion Dollar Empire

Tim Cook has officially announced he will step down as CEO of Apple in September, transitioning to executive chairman after a 15-year tenure during which he grew the company’s market value from around $350 billion to nearly $4 trillion. He will be succeeded by John Ternus, a 50-year-old hardware engineering veteran who has been groomed for the role through increasing public visibility and internal responsibility. Ternus’s appointment signals a strategic shift toward hardware and engineering leadership, with Johny Srouji—head of Apple Silicon—taking on an expanded role as Chief Hardware Officer. This consolidation aims to strengthen Apple’s core technological capabilities. However, Cook’s departure highlights a significant unresolved issue: Apple’s delayed and fragmented approach to artificial intelligence. Despite early efforts, such as hiring John Giannandrea from Google in 2018, Apple’s AI initiatives—particularly around Siri—have struggled with internal restructuring and reliance on external partnerships, including with Google. The transition comes at a critical moment as Apple faces paradigm shifts with the rise of artificial general intelligence (ASI). The company’s closed ecosystem of hardware, software, and services—once a major advantage—now presents challenges in adapting to an AI-centric world where intelligence may matter more than the device itself. Ternus must quickly articulate a clear AI strategy, possibly starting at WWDC, to reassure markets and redefine Apple’s role in a new technological era. His task is not only to maintain Apple’s operational excellence but also to reinvigorate its capacity to innovate and lead in the age of AI.

marsbit2 ч. назад

Cook's Curtain Call and Ternus Takes the Helm: The Disruption and Reboot of Apple's 4 Trillion Dollar Empire

marsbit2 ч. назад

W3.io and Space and Time Collaborate to Launch Verifiable AI Finance Infrastructure

W3.io and Space and Time have partnered to launch a verifiable AI finance infrastructure designed to address the accountability gap in autonomous financial operations. The collaboration combines W3’s platform for creating and automating agent-powered financial workflows with Space and Time’s verifiable data blockchain, ensuring end-to-end proof from execution to settlement. This two-layer verification system processes over 200,000 operations daily and has been validated in production by Creatorland, a platform serving 100,000 content creators. The partnership enables businesses to deploy multi-vendor financial processes quickly and auditably, with support from integrations including Circle, Stripe, and PayPal. The system provides a trust layer for autonomous financial movements, ensuring data integrity and operational transparency beyond traditional cloud databases.

TheNewsCrypto4 ч. назад

W3.io and Space and Time Collaborate to Launch Verifiable AI Finance Infrastructure

TheNewsCrypto4 ч. назад

New York AG Sues Coinbase, Gemini Over Alleged State Law Violations

New York Attorney General Letitia James has filed a lawsuit against Coinbase and Gemini, alleging their prediction markets violate state gambling laws. The complaint argues these platforms operate as unlicensed gambling activities since outcomes rely on chance, not skill. Both companies are also accused of allowing users under 21, the legal age for mobile sports betting in New York. The suit seeks restitution for customers, repayment of illegal profits, civil penalties, and restrictions on marketing, including a ban on promoting services on college campuses. Following the news, Coinbase's stock fell roughly 10%, while Gemini's dropped about 4%.

bitcoinist6 ч. назад

New York AG Sues Coinbase, Gemini Over Alleged State Law Violations