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Nasdaq puts $100 million into Kraken's parent, targeting tokenized stock trading by 2027

A $100 million investment from Nasdaq (NDAQ) into Kraken's parent company is the exchange operator's most direct declaration that tokenization of stocks and other assets is moving from concept into what Nasdaq calls the plumbing of the stock market. The deal targets a 2027 launch of tokenized stock trading. The check size signals infrastructure investment rather than a product trial.

By Miles BroadbentDigital Assets DeskSeptember 10, 20262 min read
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Key takeaways

  • Nasdaq is investing $100 million into Kraken's parent company.
  • The deal targets a 2027 launch of tokenized stock trading.
  • Nasdaq placed the commitment at the parent level of Kraken rather than through a product arrangement, positioning it inside whatever trading system emerges.
  • The check size signals infrastructure investment rather than a product trial.
  • Nasdaq describes tokenization of stocks and other assets as moving into the 'plumbing' of the stock market.

A $100 million investment from Nasdaq (NDAQ) into Kraken's parent company is the exchange operator's most direct declaration that tokenization of stocks and other assets is moving from concept into what Nasdaq calls the plumbing of the stock market. The deal targets a 2027 launch of tokenized stock trading. The check size signals infrastructure investment rather than a product trial.

The operational logic is that market infrastructure is acquiring a new layer and Nasdaq is buying into the build. Placing the commitment at the parent level of Kraken rather than through a product arrangement positions Nasdaq inside whatever trading system emerges. For anyone tracking how on-chain flow eventually reaches equities, an exchange operator committing nine figures to that position is a different category of bet than a licensing deal.

The 2027 launch is the next date the market can price. Between now and then, watch for regulatory filings from Nasdaq and Kraken's parent that define which assets are in scope and what the settlement rails connect to. Those documents will show whether the 2027 target is a live exchange or a structured pilot.

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About this story

Filed by the digital assets desk of MarketPR on September 10, 2026. Source: cnbc.com. Indicative figures are not investment advice.

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Frequently asked

How much is Nasdaq investing and in what?

Nasdaq is investing $100 million into Kraken's parent company, targeting tokenized stock trading.

When is the tokenized stock trading expected to launch?

The deal targets a 2027 launch of tokenized stock trading.

Why did Nasdaq invest at the parent level rather than through a product deal?

Placing the commitment at Kraken's parent level positions Nasdaq inside whatever trading system emerges, making it a different category of bet than a licensing deal.

What should observers watch for before the 2027 launch?

Watch for regulatory filings from Nasdaq and Kraken's parent that define which assets are in scope and what the settlement rails connect to, which will show whether 2027 is a live exchange or a structured pilot.