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

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.

Mentioned as a traditional, centralized exchange that the PI Network aims to disrupt by acquiring financial data at a much lower cost, positioning it as a legacy player facing a potential threat.

The company's business model, which is heavily reliant on selling proprietary data, faces a significant long-term disruption risk and potential headwind from public blockchains that aim to make financial data freely available.

Reportedly planning to tokenize all stocks starting in 2026, which is a strong validation of the long-term, macro investment theme of tokenization.

Its tokenization announcement is described as an 'efficiency play' that is 'less interesting' compared to the 'real disruption' of creating new markets on public blockchains.

Its tokenization plan is viewed as a less interesting 'efficiency play' within its existing 'walled garden,' lacking the disruptive potential of public blockchains.

Mentioned for comparison, as its 2024 income estimate is surpassed by Hyperliquid's projection.

Filed a proposal with the SEC to allow trading of tokenized stocks, a foundational step toward integrating blockchain into Wall Street that could accelerate adoption.

Used as a benchmark for comparison with a projected 2024 net income of $1.1 billion, which the crypto exchange Hyperliquid is projected to surpass.

Has formally asked the SEC for permission to put stocks on the blockchain, a potentially bullish long-term development positioning it at the forefront of FinTech innovation.

Positioning as a key player in the future of financial markets by embracing tokenization, which could be a significant long-term growth driver. The stock has shown strong performance, up 40% over the last year.

Represents a potential long-term bearish risk as traditional, centralized stock exchanges are at risk of being disrupted and replaced by more efficient, decentralized systems built on tokenization technology.

Nasdaq is actively exploring tokenization as a smart, proactive move to position itself as a leader in the future of financial markets, which is seen as a positive catalyst for long-term growth.