Nasdaq And Kraken Team Up To Offer Tokenized Stocks

"The project will use Payward's xStocks platform to move tokenized equities between regulated institutional markets and permissionless decentralized finance (DeFi) networks in regions where the service is approved. For equities, tokenization allows shares to maintain their usual rights, including voting and dividends, while also being traded on digital networks or integrated into financial applications built on blockchain."

"xStocks has already handled more than $25 billion in transactions since its launch, including $4 billion settled directly on-chain. The platform has over 85,000 holders across supported networks. Nasdaq's equity token framework, expected to go live in the first half of 2027, will preserve issuer control, follow existing regulations, and maintain the rights of shareholders."

"The gateway is designed to make it easier to move tokenized shares between regulated markets and open blockchain networks. Clients will be able to swap assets from institutional trading systems to decentralized networks while staying compliant with local rules. Payward Services will handle KYC and AML checks, making sure everyone accessing the gateway meets regulatory standards."

Payward, Kraken's parent company, partnered with Nasdaq to build a gateway connecting traditional stock markets with blockchain networks through tokenized equities. The xStocks platform enables movement of tokenized stocks between regulated institutional markets and permissionless DeFi networks in approved regions. Tokenization converts financial assets into digital tokens on blockchain while maintaining shareholder rights like voting and dividends. xStocks has processed over $25 billion in transactions since launch, with $4 billion settled directly on-chain and over 85,000 platform holders. Nasdaq's equity token framework launches in the first half of 2027, preserving issuer control and regulatory compliance. The gateway facilitates asset swaps between institutional trading systems and decentralized networks while maintaining regulatory standards through KYC and AML checks.

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