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

TheNewsCrypto2026-03-09 tarihinde yayınlandı2026-03-09 tarihinde güncellendi

Özet

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

İlgili Sorular

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.

İlgili Okumalar

The Long-Awaited Cryptocurrency Bill Known as the 'Clarity Act' Reaches a Critical Juncture: White House to Review It This Weekend

The future of the U.S. cryptocurrency market regulation, the CLARITY Act, is at a critical stage, with its advancement potentially hinging on a White House decision this weekend. The Trump administration is reviewing a new bipartisan ethics proposal from Senators Tom Tillis (R) and Ruben Gallego (D). This counter-proposal aims to empower state attorneys general to prosecute federal officials if the Justice Department fails to enforce ethics and conflict-of-interest rules, addressing Democratic concerns about DOJ enforcement under the current administration. If an agreement on these ethics provisions is reached, a Senate vote on the CLARITY Act could proceed, though it still requires 60 votes for passage. The bill, which passed the Senate Banking Committee, seeks to clarify the regulatory roles of the SEC and CFTC over crypto assets and establish a comprehensive market structure. Key compromises include regulations for stablecoin yield programs, allowing rewards tied to transactions or platform use while limiting interest-like payments based solely on token holding. Failure to reach an ethics deal could stall the bill's progress, prolonging uncertainty for stablecoin rewards and related regulations.

cryptonews.ru43 dk önce

The Long-Awaited Cryptocurrency Bill Known as the 'Clarity Act' Reaches a Critical Juncture: White House to Review It This Weekend

cryptonews.ru43 dk önce

Interview with Robinhood Executive: Meme + Tokenized US Stocks as "Barbell" Customer Acquisition Strategy, All Business Lines Achieve Hundreds of Millions in Revenue

Interview with Robinhood executive Johann Kerbrat reveals the company's "barbell" customer acquisition strategy for its new Robinhood Chain, combining meme tokens with tokenized stocks. Three weeks after mainnet launch, the chain has seen over $3B in weekly DEX volume and 105M transactions. Kerbrat explains the logic behind the permissionless chain: meme tokens attract DeFi users, while tokenized real-world assets (RWA), currently over 90 US stocks and ETFs accessible in 120+ countries, serve global users. The goal is to bring Robinhood's 27 million funded accounts on-chain by simplifying DeFi with a user-friendly interface, exemplified by features like Robinhood Earn which offers yield without requiring wallet management. Built on Arbitrum's technology stack for its speed, low cost, and Ethereum's security, the chain focuses on financial products like Earn, spot trading, and perpetuals. Kerbrat downplays direct competition with platforms like Base, emphasizing the goal of expanding the overall market for on-chain assets. He details selective partnerships (e.g., Morpho, Lighter) based on compliance, unique UX, and differentiation. While regulatory clarity is pending for US perpetuals, the expansion continues via Bitstamp in Europe. Finally, Kerbrat positions Robinhood as a "super app" integrating stocks, options, crypto, banking, and AI trading, with all major business lines generating hundreds of millions in revenue. For the chain, current priority is driving adoption over maximizing gas fee revenue.

marsbit2 saat önce

Interview with Robinhood Executive: Meme + Tokenized US Stocks as "Barbell" Customer Acquisition Strategy, All Business Lines Achieve Hundreds of Millions in Revenue

marsbit2 saat önce

Fidelity Q3 Report: BTC, ETH, and SOL Continue to Build Bottoms; How Much Further Will This Crypto Bear Market Go?

Fidelity's Q3 Crypto Signal Report analyzes the current bear market, noting Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) are in a prolonged bottoming phase. Key indicators like the weighted Net Unrealized Profit/Loss (NUPL) have turned negative (-0.01), signaling the market is slightly below its aggregate cost basis, with BTC acting as the primary stabilizing asset. BTC's dominance has risen to 68%, indicating a lack of capital rotation to other digital assets. Performance has been weak across the board, with BTC, ETH, and SOL down significantly year-to-date. Market sentiment is depressed, exacerbated by substantial outflows from spot ETPs and a challenging macro environment. The report compares the current ~203-day downtrend to historical ~300-day bottoming cycles, suggesting the process may be two-thirds complete, with late 2026 as a potential timeframe to monitor. For Bitcoin, NUPL at 0.09 indicates cautious sentiment, while momentum signals remain negative. The Yardstick metric points to potential undervaluation relative to network security (hashrate). Ethereum's NUPL is deep in the "capitulation" zone at -0.43, a historically positive signal for future returns, though its momentum and network fee revenue are negative. Solana shows the deepest NUPL at -0.72 but demonstrates relative resilience in on-chain activity and stablecoin transfer volume. The report concludes that while several metrics are near historical capitulation levels, a definitive market bottom has not yet been established. The path forward likely involves continued consolidation, with BTC's relative strength and fundamental on-chain usage for ETH and SOL providing key areas for investor observation.

marsbit2 saat önce

Fidelity Q3 Report: BTC, ETH, and SOL Continue to Build Bottoms; How Much Further Will This Crypto Bear Market Go?

marsbit2 saat önce

How did Bitcoin and Ethereum perform in August? Here are the key facts you need to know

Bitcoin and Ethereum ended July with gains but entered August with historically weak performance indicators. Past monthly trends suggest a negative closing for both cryptocurrencies in August cannot be ruled out. In July, Ethereum outperformed Bitcoin, gaining 18.5% compared to Bitcoin's 7%. However, Ethereum's August performance since 2016 is mixed, having closed higher in only 4 out of 10 years. Its best August was in 2017 with a 92.86% surge, while its worst was in 2018 with a 34.79% decline. While Ethereum's average August return is 6.74%, its median return is -1.74%, indicating the positive average is heavily skewed by a few strong rallies. Bitcoin's historical August data is also not decisively bullish. Its average return is 1.06%, but the median is -6.99%, showing negative closings are more common. Recently, Bitcoin has shown volatility in August, gaining 8.13% in 2025, 2.95% in 2024, and declining 4.02% in 2023. In summary, while the average August returns for both assets are positive, the negative median returns imply that strong rallies inflate the average, and a negative monthly performance is a more typical outcome for August.

cryptonews.ru2 saat önce

How did Bitcoin and Ethereum perform in August? Here are the key facts you need to know

cryptonews.ru2 saat önce

Senator Proposes Creation of Bureau to Combat Trump's Cryptocurrency Business

A US senator has proposed the creation of a federal bureau to investigate and combat corruption related to cryptocurrency businesses, explicitly citing former President Donald Trump's ventures. The proposed bureau, to be led by a Senate-confirmed board, would operate independently with investigative powers. The senator's bill also aims to allow private citizens and state attorneys general to sue officials and companies to recover illicitly obtained funds, seeking to eliminate conflicts of interest for public servants in crypto. The proposal follows reports that Trump and his family earned over $5.4 billion from crypto projects like World Liberty Financial and specific memecoins after his 2025 return to the presidency. While the White House denies any conflict of interest, these controversies have stalled the CLARITY bill, with Democrats pushing for amendments to ban crypto profits for presidents, Congress members, and their families. Similar amendments were previously rejected from the GENIUS stablecoin law in 2025.

cryptonews.ru4 saat önce

Senator Proposes Creation of Bureau to Combat Trump's Cryptocurrency Business

cryptonews.ru4 saat önce

İşlemler

Spot