Hey, it's Marc.

We just launched our new website, moved to our own infrastructure, and refreshed the weekly newsletter (yes, this one!). More upgrades are coming, including for Pro readers. Stay tuned. We hope you enjoy the new experience! Let us know at the bottom.

Here's what matters in digital assets this week:

PS: 🚨Save your spot for our next webinar, space is limited.

I’m sitting down with the people advising the banks and building the stablecoin rails those banks will plug into. For CEOs, board members, and heads of strategy at banks, FMIs, asset managers, and custodians.

📅 16 September, 10am EST. Space is limited. RSVP to secure your spot.

Nasdaq Ventures agreed to invest $100 million in Payward, Kraken's parent, on September 10. The firms expect Nasdaq Equity Tokens, or NETs, in Q2 2027. The design aims to keep share ownership and voting rights.

Payward will also use Nasdaq's trade checks across crypto, stocks, tokenized stocks, futures and options. That reaches well beyond the new tokens.

Nasdaq gets a stake in Payward and a role in the software its venues need. NETs could take time to find users while the trade checks still have a job to do. The $100 million headline catches the eye. The scope of the software deal explains why the bet can work in more than one way.