Nasdaq Commits $100 Million to Payward, the Parent Firm Behind Kraken, Valuing It at $21 Billion
Nasdaq, the world‑renowned stock‑exchange operator and technology provider, has announced a substantial cash infusion of $100 million into Payward, the corporate entity that owns and runs the prominent cryptocurrency exchange Kraken. This investment places Payward at an implied valuation of roughly $21 billion, underscoring the growing convergence between traditional financial market infrastructu…
Sept. 10, 2026, 11:21 a.m.