Nasdaq Ventures will invest $100 million in Payward, the parent company of Kraken, broadening collaboration on tokenized equities and market surveillance. The move supports Nasdaq's push into 24/7 trading and digital asset infrastructure, potentially improving liquidity, regulatory alignment, and access for institutional and retail traders in crypto-enabled markets.
Kraken will list SoFiUSD on its platform and leverage SoFi’s SEN with Kraken Prime, enabling 24/7 USD settlement and greater liquidity for SoFi customers and institutional clients. The collaboration broadens stablecoin access across retail and professional users. For P-KRAK, the outcome could be higher trading volumes and platform fees if the liquidity influx translates into sustained activity, though regulatory and competitive risks remain.