Payward, the parent company of cryptocurrency exchange Kraken, has partnered with Nasdaq to build a gateway connecting traditional stock markets with blockchain networks.

The project will use Payward’s xStocks platform to move tokenized equities between regulated institutional markets and permissionless decentralized finance (DeFi) networks in regions where the service is approved, Kraken said. 

In short, tokenization turns financial assets, like stocks, bonds, or funds, into digital tokens that can operate on blockchain networks.

For equities, tokenization allows shares to maintain their usual rights, including voting and dividends, while also being traded on digital…

Read more on BitcoinMagazine