Nasdaq Launches Equity Token Design With Kraken

Nasdaq is collaborating with Kraken's parent company, Payward, and its subsidiary Backed (the issuer behind xStocks) to develop a transformation gateway for tokenized equities. Nasdaq President Tal Cohen stated that tokenization could unlock benefits for an always-on financial ecosystem, improving market access for investors and shareholder engagement for issuers. The initiative aims to ensure tokenized equities can move between regulated and global on-chain markets while maintaining issuer rights, regulatory compliance, and price integrity by connecting Nasdaq's infrastructure with the xStocks ecosystem. Nasdaq emphasizes that this issuer-sponsored approach keeps public companies central to the equity market. The program is expected to be operational, with additional services available to issuers, starting in the first half of 2027.

(Source：Cointelegraph)