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project

Digital Liquidity Networks

Nasdaq division focused on building around-the-clock market infrastructure for digital and tokenized assets.

Current clusters

invest6 publishers

Nasdaq's $100m takes about 0.48% of Kraken's parent at a mark 58% above Deutsche Boerse's April entry

The cheque is small enough to read as a partnership fee, and it arrives with a surveillance contract, a 2027 token launch date, and a quarter in which Payward's adjusted EBITDA fell to $23m on $508m of revenue.

Perspective Coverage

4 publishers
Builder
Builder 24%
Operator
Operator 35%
Investor
Investor 41%

Reality

Evidence62
Adoption27
Hype gap+34
Incentives78
Confidence64