Nasdaq Partners with Kraken to Launch Tokenized Stocks and ETFs on Its Exchange

Nasdaq is partnering with Kraken to create tokenized versions of stocks and ETFs listed on its exchange, the Wall Street Journal reported. The project will use blockchain technology to automate proxy voting and streamline dividend distributions. The framework for these on-chain equity tokens is expected to launch early next year, marking the most significant move toward on-chain equities by a major U.S. exchange, according to the Wall Street Journal.