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

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: Decrypt
Nasdaq Invests $100M in Kraken Parent Payward at $21B ValuationWorldPing
Image via Decrypt.

What happened

Deutsche Börse's April stake implied a $13.3 billion valuation.

Five months on, Nasdaq is paying at $21 billion.

Key facts

  • Deutsche Börse's April stake implied a $13.3 billion valuation.
  • Five months on, Nasdaq is paying at $21 billion.
  • Reported by Decrypt and published Thu, 10 Sep 2026 11:28:55 UTC.

Why it matters

Digital-asset markets react to catalysts within minutes, and liquidity, ETF flows and regulatory signals are usually what decide whether a move sticks.

What to watch next

  • Whether spot volume and open interest confirm the move
  • Liquidation clusters around the current price
  • ETF flow data and any regulatory follow-up

Coverage timeline

When each newsroom published on this story, oldest first — all times UTC.

  1. Nasdaq invests $100 million in Kraken parent company Payward at $21 billion valuation

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

  3. Nasdaq invests $100M in Kraken parent at $21B valuation: Report

  4. Nasdaq to invest $100 million in Kraken parent Payward as firms expand partnership

  5. Nasdaq, Boerse Stuttgart, others ask EU to remove or increase cap in tokenization trial

Sources

The original report was published by Decrypt. WorldPing does not claim that reporting — this page summarises and contextualises it.

Read the full report at Decrypt

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