Nasdaq invests in Payward to advance tokenized equities, launching in 2027
Sep 10, 2026, 9:41 AM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting
Positive long-term leverage for NDAQ through expanded tokenized securities infrastructure, potential licensing and services revenue; near-term impact limited until 2027 timeline.
AI summary
What happened, with direct paths to the underlying reporting
Nasdaq's VC arm commits $100 million to Payward to accelerate development of tokenized equities and related market infrastructure. The partners expect to launch tokenized stocks in 2Q2027 and will deploy Nasdaq's market-surveillance tech across Payward's venues, signaling a broader move to tokenize traditional assets alongside crypto.
Nasdaq VC invests $100M in Payward to back tokenized equities.
Payward to adopt Nasdaq surveillance tech across venues; Kraken to go multi-asset.
Payward valued at about $21B; Robinhood-AMC tokenized-stock spat cited.
Signifies Wall Street push to mainstream tokenized securities.
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