NASDAQ AND KRAKEN BUILD AN EQUITIES-TO-DEFI GATEWAY

Summary from the TLDR Crypto newsletter

Nasdaq is partnering with Kraken parent Payward to build an "equities transformation gateway" that uses Kraken's xStocks framework to let tokenized equities move between regulated markets and decentralized blockchain networks while keeping issuer control, investor protections, and legal shareholder rights anchored on Nasdaq's permissioned infrastructure. The gateway aims to create interoperable onchain liquidity for tokenized securities, with Nasdaq's equity token design and related services expected to begin rolling out in the first half of 2027.