Nasdaq and Kraken are teaming up to let you trade tokenized stocks
Analysis
Price Impact
HighThis partnership between nasdaq and kraken is a significant development for the tokenization of traditional assets. it brings legitimacy and broader adoption to blockchain technology within traditional finance. if successful, it could pave the way for other major financial institutions to explore similar ventures, potentially increasing demand for cryptocurrencies used in settlement or as underlying assets for tokenized products.
Trustworthiness
HighNasdaq is a reputable global financial market, and kraken is a well-established cryptocurrency exchange. their collaboration on tokenized stocks indicates a serious intent to bridge traditional and digital assets. the involvement of a major exchange like nasdaq lends significant credibility to the initiative.
Price Direction
BullishThe tokenization of stocks could lead to increased institutional adoption of blockchain technology and digital assets. this could drive demand for cryptocurrencies and potentially boost the prices of major coins like bitcoin, which is often seen as a store of value and a gateway into the digital asset space. the increased efficiency and accessibility promised by tokenized stocks might attract new capital into the crypto ecosystem.
Time Effect
LongThe full impact of this partnership will likely unfold over the long term as regulatory frameworks adapt and more tokenized assets become available and tradable. while initial market reactions might be short-term, the systemic changes brought about by integrating traditional and digital finance will have lasting effects.
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Finance Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Nasdaq and Kraken are teaming up to let you trade tokenized stocks Nasdaq plans to work with Kraken to distribute tokenized versions of public stocks globally as the exchange pushes to bring blockchain infrastructure into traditional markets. By Oliver Knight | Edited by Omkar Godbole Mar 9, 2026, 11:17 a.m. Make us preferred on Google Nasdaq teams up with Kraken(Dries Buytaert/CC BY-NC 4.0) What to know : Kraken will distribute one-to-one tokenized versions of public company stocks to customers in Europe and other international markets. Nasdaq says token holders would retain the same governance rights as traditional shareholders, including voting and dividends. The initiative builds on Nasdaq’s proposal to the SEC to allow tokenized versions of listed stocks and ETFs to trade alongside traditional shares. Nasdaq said it will work with crypto exchange Kraken to develop a system for issuing and trading tokenized versions of stocks and other exchange-traded products, according to a Wall Street Journal report . Under the plan, tokenized shares would give investors the same corporate governance rights as ordinary stockholders, including voting in proxy ballots and receiving dividends. Nasdaq said the initiative will focus heavily on making corporate actions, such as dividend payments and proxy voting, more efficient by automating parts of the process through blockchain technology. The platform is expected to launch in early 2027. Kraken will act as a distribution partner for the project. Through the arrangement, one-to-one tokenized versions of public company shares would be made available to Kraken’s customers outside the United States, particularly in Europe and other international markets. The effort builds on a proposal Nasdaq submitted to the U.S. Securities and Exchange Commission in September seeking approval to allow tokenized versions of its listed stocks and exchange-traded products to trade alongside traditional shares on the exchange. In that proposal, both the tokenized and conventional versions would be settled through the Depository Trust to ensure they remain interchangeable. Last week exchange operator ICE made a strategic investment in OKX , valuing the exchange at $25 billion ad it signed a deal to offer new tokenized stocks and crypto futures products. Nasdaq Kraken tokenized stocks More For You Pudgy Penguins: Challenging the Pokemon and Disney Legacy in the Global IP Race By CoinDesk Research Feb 27, 2026 Commissioned by Pudgy Penguins CoinDesk Research looks into how Pudgy Penguins disrupts traditional toys market via a phygital model. With 2M+ units sold, they scale via global partnerships and events. What to know : Disrupting a Stagnant Market : Pudgy Penguins is utilizing a "Negative CAC" model to challenge the traditional $31.7B licensed toy industry by treating physical merchandise as a profitable user acquisition tool rather than just a final product. View Full Report More For You Nigel Farage takes 6% stake in UK bitcoin treasury firm Stack BTC By James Van Straten | Edited by Sheldon Reback 1 hour ago Reform UK leader backs London-listed company chaired by former Chancellor Kwasi Kwarteng as it expands bitcoin strategy. What to know : Nigel Farage invested in Stack BTC and will hold about 6.31% of the firm when the new shares begin trading on Aquis on March 12. Stack BTC, which currently holds 21 BTC, raised 260,000 pounds ($346,000) in a funding round that also included Blockchain.com. Read full story Latest Crypto News U.S. inflation, Polkadot upgrade, Solstice-Kamino announcement: Crypto Week Ahead 29 minutes ago Bitcoin rises as oil spikes, equities drop 40 minutes ago Nigel Farage takes 6% stake in UK bitcoin treasury firm Stack BTC 1 hour ago Clarity Act will benefit banks more than crypto, former CFTC chair says 2 hours ago Bitflyer volume surges 200% past Binance, Coinbase as oil spike sends Nikkei sliding 3 hours ago Oil pulls back from 25% spike as G7 discusses emergency reserve release 3 hours ago Top Stories U.S. isn’t really exposed to oil shocks and that might be helping bitcoin stay resilient 5 hours ago Bitcoin could face deeper downside as odds of U.S. market meltdown rise to 35% 6 hours ago Trump's cyber strategy vows to 'support the security' of cryptocurrencies and blockchain Mar 7, 2026 Bitcoin dip may not be over as whales sell into retail buying — a bearish signal Mar 8, 2026 Kalshi, Polymarket seeking $20 billion valuations in fundraising talks: WSJ Mar 7, 2026