March 9 (Reuters) – Nasdaq on Monday announced it will collaborate with Payward, parent company of cryptocurrency exchange Kraken, to develop tokenization infrastructure, aiming to capitalize on the growing interest in blockchain-based equities.
Tokenization is the process of turning financial assets – such as bank deposits, stocks, bonds, funds and even real estate – into crypto assets that can be traded on blockchains, which are the ledgers underpinning digital assets.
(Reporting by Pragyan Kalita in Bengaluru; Editing by Vijay Kishore)
