Nasdaq on the ledger: XRP’s role in the tokenised equity revolution

Nasdaq’s move towards tokenised shares has sharpened a question for XRP holders: which parts of an onchain stock market would actually require the coin? The answer runs through ownership records, cash settlement and liquidity, with very different implications for XRP demand. Summary Nasdaq agreed to invest $100 million in Kraken parent Payward in September. The companies expect Nasdaq Equity Tokens to launch in the second quarter of 2027. The SEC approved Nasdaq’s DTC-linked tokenised securities rule change on March 18. CSD BR’s XRPL project begins with fund records, not its entire BRL 22 trillion registered asset base. A standard XRPL transaction has a minimum cost of 0.00001 XRP before load adjustments. Nasdaq has committed to a $100 million investment in Kraken parent Payward as its tokenised equity plans advance, putting the role of public blockchains under closer scrutiny among XRP investors. Nasdaq’s September 10 announcement identifies Payward’s xStocks ecosystem as the connection for its proposed Nasdaq Equity Tokens, with a launch expected in the second quarter of 2027. The initiative is a documented route towards blockchain-based equities. It is not an announcement that N...