Payward, the parent company of Kraken, has just achieved an impressive financial milestone. Thanks to a recent $100M investment from Nasdaq, the organization is now valued at a striking $21 billion. To put this massive growth into perspective, an earlier stake purchased by Deutsche Börse in April placed the implied value of the firm at $13.3 billion. This latest funding round highlights a highly significant upward shift in the overall appraisal of the business.