Nasdaq partners with Kraken to distribute tokenized stocks globally

Nasdaq is partnering with crypto exchange Kraken to develop a system for issuing and trading tokenized versions of public stocks and exchange-traded products globally. This initiative aims to leverage blockchain technology to streamline corporate actions like dividend payments and proxy voting, granting token holders the same governance rights as traditional stockholders. Kraken will serve as the distribution partner, making one-to-one tokenized shares available to its customers outside the U.S., particularly in Europe. This effort follows Nasdaq's September proposal to the SEC to trade tokenized assets alongside conventional shares, ensuring interchangeability through the Depository Trust. The platform is anticipated to launch in early 2027.

(Source：CoinDesk)