Nasdaq partners with Kraken to distribute tokenized stocks globally

Nasdaq will work with crypto exchange Kraken to build a system for issuing and trading tokenized versions of public stocks and exchange-traded products. Kraken will act as a distribution partner, offering one-to-one tokenized shares to its customers outside the United States, particularly in Europe and other international markets.

The platform is expected to launch in early 2027. The tokenized shares would carry the same corporate governance rights as ordinary stockholders, including voting in proxy ballots and receiving dividends. Nasdaq said the effort will focus on automating corporate actions such as dividend payments and proxy voting, using blockchain technology to make those processes more efficient.

This initiative expands on a proposal Nasdaq filed with the U.S. Securities and Exchange Commission last September to allow tokenized versions of listed stocks and ETPs to trade alongside conventional shares, with both types settled through the Depository Trust so they remain interchangeable.

United States, Europe

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