Cryptocurrency35m ago
Nasdaq Invests $100M in Kraken Parent Payward at $21B Valuation
AI EXECUTIVE SUMMARY
Stock exchange operator Nasdaq has invested $100 million into Payward, the parent company of cryptocurrency exchange Kraken. The funding round values Payward at $21 billion, reflecting a significant increase from a previous valuation of $13.3 billion earlier in the year.
WHY IT MATTERS
This investment demonstrates traditional financial institutions increasing their direct financial commitment to major digital asset infrastructure firms.
Deutsche Bรถrse's April stake implied a $13.3 billion valuation. Five months on, Nasdaq is paying at $21 billion.
This story was originally reported by Decrypt. As an automated real-time news aggregator, NewsToolBar provides multi-perspective indexing and AI summarization while directing full readership directly to primary publisher sources.
ALSO REPORTED BY OTHER SOURCES (1)
Nasdaq invests $100 million in Kraken parent company Payward at $21 billion valuation
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