Nasdaq and NYSE partner with crypto firms to tokenize stocks

Nasdaq and NYSE are teaming up with Kraken and OKX to tokenize stocks, enabling 24/7 blockchain trading, enhanced transparency, and global liquidity while ensuring regulatory compliance.

Nasdaq and the New York Stock Exchange are collaborating with leading crypto firms such as Kraken and OKX to integrate digital assets into traditional stock markets. This partnership aims to bridge conventional finance with blockchain technology by enabling the tokenization of stocks, allowing ownership to be transferred and traded on the blockchain. The initiative will enable 24/7 trading, greater transparency, and more efficient operations. Nasdaq's collaboration with Kraken focuses on developing a compliant system for tokenized stock trading, ensuring real shares can move seamlessly between traditional and blockchain-based markets while maintaining regulatory standards and investor protections. Additionally, these efforts include building infrastructure to connect tokenized equities with decentralized finance (DeFi) networks, providing global liquidity and continuous market access. This marks a significant step in merging traditional finance with the crypto ecosystem, promising lower costs and increased reliability for both investors and institutions.