According to CoinMeta, and as reported by Bloomberg, NASDAQ's venture capital department is investing $100 million in the parent company of the cryptocurrency exchange Kraken, Payward Inc. This strategic investment has raised the valuation of Payward to $21 billion. This investment further deepens the strategic partnership between the two parties, which was established in March of this year, with the aim of accelerating the construction of the underlying financial infrastructure to support stock tokenization trading and clearing and settlement.