Payward Secures $100 Million Investment from Nasdaq at $21 Billion Valuation

Payward, the parent company of Kraken, has received a $100 million investment from Nasdaq, bringing its post-money valuation to $21 billion. Nasdaq stated that the investment aims to strengthen collaboration in digital asset custody and token infrastructure, noting that it has already established a dedicated digital asset division. Kraken currently operates under the UK Financial Conduct Authority and recently acquired NinjaTrader for $1.5 billion to expand its futures trading services. Payward is still planning for a potential IPO but has not yet filed an application.