What top creators are saying about Nasdaq, Inc.(NDAQ)

Its mention may indicate institutional adoption of blockchain infrastructure, but the activity and its financial materiality are unspecified.

Named as a Canton application builder or user; the discussion offered no stock-specific outlook or investment recommendation.

Nasdaq is preparing to extend cash-equity trading hours, a potential opportunity for exchanges, though longer sessions may have low liquidity and depend on banking and payment infrastructure.

Nasdaq executives were noted as attending Token 2049, reflecting crypto’s institutionalization. No company-specific outlook or investment recommendation was provided.

Rose within the 17% to 24% range reported for exchanges in Q3 as investors sought perceived recession-resistant financial businesses.

The Nasdaq CEO said blockchain-based tokenization could transform global finance and unlock tens of billions of dollars in capital. The discussion presented tokenization as an opportunity but did not identify a specific Nasdaq initiative or valuation impact.

Mentioned in connection with tokenized shares, without specific investment analysis or recommendation.

Cited as a traditional-market comparison as Hyperliquid’s perceived scope expanded; no investment thesis or outlook was discussed.

Named among exchanges embracing digital-asset activity. The discussion highlighted potential modernization of market infrastructure but provided no specific product or investment forecast.

Cited as working to enable securities to trade in tokenized form on its exchange; no specific investment recommendation is made.

Nasdaq was cited as having announced work related to 24/7 trading, which the speakers said could increase demand for automated trading tools. No stock-specific outlook was provided.

Nasdaq was referenced as a traditional-market benchmark for the much larger markets that on-chain platforms may seek to serve; no investment view was given.

Mentioned as a top-tier traditional exchange used for valuation multiple comparisons with Hyperliquid.

Cited as a traditional exchange benchmark relevant to the scale of the Synapse thesis.

Referenced as a market benchmark for comparison.

Mentioned as a valuation benchmark for market cap comparison.

Identified as a traditional market competitor for the Hypercall platform.

Emerging as a preferred 'TradFi' oracle for resolving prediction markets due to its reliability compared to on-chain governance.

Partnering with Polymarket to bridge private market data with retail prediction platforms.

Market share is being threatened by the expansion of decentralized platforms into tokenized equities.

Kraken's institutional play is compared to the infrastructure and matching engines of NASDAQ.

Mentioned as a critical source of external data for on-chain RWA price discovery.

Risks being bypassed by decentralized venues if it does not pivot to tokenized liquidity.

Endorsed the Clarity Act to push for trading tokenized stocks and ETFs on traditional order books.

SEC approved the exchange to trade tokenized securities, representing a significant move toward crypto integration.

Participating in the trend of tokenizing real-world assets.

Developing a framework for tokenized stocks to launch in 2027 in partnership with Kraken.

Exploring tokenization to enable 24/7 trading of traditional assets.

Partnering with Kraken to launch tokenized equities and enable 24/7 trading markets.

Building institutional 'plumbing' for crypto through partnerships with firms like Kraken.

Partnering with Kraken to offer tokenized stocks, marking a major step for the Real World Asset (RWA) theme.

Mentioned as a key institutional player participating in a forum on the Clarity Act, indicating engagement with crypto regulation and future market structure.

Mentioned as a traditional financial firm that has made announcements about tokenized stocks, indicating institutional participation in the 'very bullish' theme of asset tokenization.

Nasdaq is exploring a 'Back Office' model of tokenization for internal capital efficiency and settlement improvements, not for public-facing use.

Became a 'super validator' on the Canton Network, a move seen as a major vote of confidence that could attract other large financial institutions and position Nasdaq to tokenize equities in the future.

Used as a benchmark to illustrate the success of Hyperliquid, which reportedly surpassed Nasdaq's net income at one point, highlighting the potential of DeFi business models.

Figure's upcoming on-chain offering aims to bypass traditional exchanges like NASDAQ, which could set a precedent that poses a disruptive threat to its business model.

The company plans to roll out 24/7 stock trading, which is seen as a long-term bullish catalyst that could significantly increase trading volumes and revenue.

Positioning itself as a forward-thinking market operator by embracing blockchain technology to enable future innovations like 24/7 trading. This move could increase market efficiency and trading volumes in the long term.

Nasdaq is actively seeking SEC approval for tokenized stocks, which is considered a strong sign of validation for the digital asset class and an evolutionary step to modernize markets.

Mentioned as part of a potential consortium of major financial institutions that could create and 'king make' their own stablecoin for their markets.

Its revenue per employee of ~$891K is significantly lower than Hyperliquid's projected efficiency, highlighting a less lean operational model.

Incumbents like Nasdaq with existing distribution networks are believed to be more likely to succeed in the tokenization of equities than new startups.

Mentioned as a key institutional backer of the Canton project, providing validation for Canton's focus on bringing institutional finance on-chain.

Co-proposed a new process to significantly shorten the approval timeline for qualifying crypto ETFs, which could increase the number of products listed on its exchanges.

Mentioned as a company 'moving at lightning speed' on the trend of stock tokenization and positioned as a potential major beneficiary from building the required infrastructure.

The infrastructure is seen as outdated and stagnant, highlighted by trading hours not changing in 27 years, making it part of a system considered ripe for disruption.

Mentioned as a technical comparison, as traditional exchanges like NASDAQ use multicast technology to ensure fair and fast data distribution, which is what DoubleZero aims to provide for blockchains.

Mentioned as a benchmark for trading speed that on-chain trading could rival with the help of technologies like DoubleZero; this is a comparison, not a direct investment insight.

Mentioned as an example of an established stakeholder whose large size could create 'inertia,' potentially slowing down the transition of securities to the blockchain. No new bullish or bearish insight was provided.