Nasdaq, Kraken to create blockchain platform for tokenized stocks with voting and dividend rights by 2027

U.S. exchange Nasdaq is partnering with cryptocurrency exchange Kraken to issue tokenized versions of publicly traded shares, creating blockchain-based representations of equities for investors ^[1][4].

According to the announcements, tokenized shares would carry the same corporate governance rights as ordinary stockholders—including voting in proxy ballots and receiving cash dividends—and the initiative is pitched as a way to modernize corporate actions and shareholder engagement processes ^[1][4].

Reports say Nasdaq and Kraken will develop a new system to enable issuance and trading of tokenized stocks and other exchange-traded products, positioning the effort as a bridge between traditional markets and blockchain infrastructure and noting a targeted launch in 2027 ^[2][4].

The collaboration aims to integrate blockchain into equity issuance and shareholder services with a planned 2027 rollout; public statements reviewed do not provide further operational or regulatory detail ^[1][2][4].