Nasdaq Invests $100M in Kraken Parent Payward at $21B Valuation

60-second summary

Nasdaq invests $100 million in Payward, Kraken’s parent, valuing the company at $21 billion, a sharp rise from Deutsche Börse’s April stake that implied a $13.3 billion valuation. The funding boosts Kraken’s expansion plans and signals heightened institutional confidence in crypto‑exchange infrastructure, likely encouraging further capital inflows and competitive pressure across the digital‑asset market.