Nasdaq Plans Equity-Token Design, Partnering With Kraken Parent

Group 1 - Nasdaq Inc. is planning a new design for tokenized equities, allowing publicly traded companies more control over their shares in tokenized form, including governance rights and corporate actions [1] - The initiative follows a tokenization proposal filed with the US Securities and Exchange Commission in September, aiming to enable equity securities to trade and settle in token form through the Depository Trust & Clearing Corp [2] - Nasdaq has partnered with Payward, the parent company of Kraken, to design a gateway for tokenized equities to facilitate movement between regulated and on-chain markets [2][3] Group 2 - Nasdaq announced a partnership with Seturion, a pan-European settlement platform for tokenized assets, to connect its European trading venues for trading tokenized securities [4] - The New York Stock Exchange, a competitor of Nasdaq, is also developing a venue using blockchain technology for trading tokenized stocks and ETFs around the clock [5]