Nasdaq announced a $100 million investment in Payward, the parent company of Kraken, to build infrastructure for tokenized equities. This move follows a partnership between the London Stock Exchange Group and Payward, which aims to support tokenized UK shares and a 24-hour trading platform.

Data from RWA.xyz as of September 10 shows $2.91 billion in distributed tokenized stocks. Monthly transfer volume reached $13.31 billion, with over 3.17 million addresses holding these assets. While the number of holders grew by 174% over 30 days, monthly transfer volume declined by nearly 53%.

Experts at the Onchain Leaders Gathering in Geneva discussed challenges regarding liquidity, privacy, and regulatory compliance for institutional adoption. Participants included representatives from Zama, G-20 Group, Blobb.io, and Rex Change, who emphasized the need for infrastructure that supports real-world volume.

The sector faces debates over ownership and investor rights, highlighted by conflicts involving AMC tokenized products. The World Federation of Exchanges warned that some third-party tokenized equities may lack proper investor protections, potentially undermining market integrity.