Key Highlights
- Nasdaq and Kraken plan 24/7 tokenized stock trading, letting investors trade anytime with full rights.
- Tokenized shares let holders vote and receive dividends, while staying interchangeable with regular stocks.
- Global exchanges and OKX moves show growing links between traditional finance and blockchain markets.
The American stock exchange Nasdaq is accelerating its push for 24/7 trading by partnering with crypto exchange Kraken and launching tokenized stock trading. The platform aims to let investors buy and trade blockchain-based versions of traditional stocks around the clock.
As per a Wall Street Journal report, Nasdaq said the initiative will streamline corporate actions, including dividend payments and proxy voting, while granting token holders full shareholder rights. The project targets early 2027 for launch, pending regulatory approval.
Under the terms, Kraken will offer tokenized versions of Nasdaq stocks to customers outside the U.S., especially in Europe. These digital shares work just like regular stocks—holders can vote on company decisions and receive dividends.
Nasdaq will make sure both tokenized and traditional shares can be swapped easily through the Depository Trust. As a result, this platform could make investing in stocks simpler, faster, and accessible to more people around the world.
Industry partnerships and strategic moves
The push follows broader moves in tokenized finance. Last week, Intercontinental Exchange, NYSE’s parent, invested in crypto exchange OKX at a $25 billion valuation. Additionally, OKX users will soon trade NYSE-listed tokenized stocks and derivatives.
Additionally, last month, OKX acquired a Payment Institution license in Malta, which allows for euro-backed stablecoin payments under European Union regulations. With this, OKX Pay and OKX Card can be used for day-to-day transactions as well as DeFi services.
The partnership between Nasdaq, Kraken, and other global exchanges represents a shift in how traditional finance and crypto interact. With Nasdaq planning 24/7 tokenized stock trading, investors could trade stocks at any time while keeping the same rights as regular shareholders.
Also Read: Capital B Buys 2 BTC for €0.1M, Expands Treasury to 2,836 BTC
