Major financial infrastructure firms Broadridge and Nasdaq announced separate partnerships with crypto firms Crypto.com and Kraken, signaling deeper integration between traditional capital markets and blockchain-based trading. Broadridge added Crypto.com to its institutional NYFIX network, while Nasdaq is developing a gateway for tokenized equities with Kraken’s xStocks framework, highlighting the growing institutional adoption of digital asset infrastructure.
Partnerships between major financial infrastructure providers and cryptocurrency firms point to a growing convergence between traditional markets and blockchain trading systems. Broadridge Financial Solutions integrated Crypto.com into its NYFIX order-routing network, a platform used by over 2,200 institutions.
This allows brokers to route crypto orders through the same FIX-based infrastructure used for traditional assets. Broadridge stated the move reflects increasing institutional demand for digital asset access within established operational frameworks.
Separately, Nasdaq and Payward announced plans to develop an infrastructure gateway linking tokenized equity markets with decentralized networks. The initiative will use the xStocks framework, a tokenized equities system associated with Kraken.
The xStocks framework has recorded more than $25 billion in transaction volume since its launch. Nasdaq stated its tokenized equity design is expected to become operational beginning in the first half of 2027.
These developments highlight how traditional trading infrastructure is integrating crypto-native assets and blockchain settlement. They reflect a broader push toward tokenized assets and interoperable capital markets connecting regulated institutions with decentralized networks.
