Nasdaq is partnering with Payward, the parent firm of crypto exchange Kraken, to develop tokenized equities that will enable "programmable investor engagement," the exchange announced Monday.
"This issuer‑sponsored approach for tokenized equity securities is designed to empower public companies and enhance global accessibility to U.S. equity markets, ”said Nasdaq President Tal Cohen, adding that tokenization "has the potential to unlock the benefits of an always-on financial ecosystem – enhancing how investors access markets, how issuers engage with shareholders."
Arjun Sethi, Co-CEO of Payward and Kraken, added that the initiative "expands access to public markets where traditional distribution has been limited" for international customers, while U.S. customers will benefit from "greater collateral efficiency and capital mobility across trading and financing workflows."
