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Crypto: Nasdaq invests $100 million in Kraken, valued at $21 billion
Nasdaq is investing $100 million in Payward, Kraken’s parent company, which is reportedly now valued at $21 billion. The deal goes far beyond a simple equity investment. The two groups want to bring traditional equities and blockchain closer together, with tokenized securities tradable on infrastructure operating almost continuously. The alliance brings crypto even closer to Wall Street.
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