The stock will still be listed under the 'HAS' ticker symbol.
In a statement, Hasbro chief financial officer Deb Thomas said the change is part of the company's plans for "re-imagining" the business to maximise shareholder value.
She said: "The decision to transfer our stock listing reflects our strategy of re-imagining our business to maximise value for our shareholders.
"The NASDAQ and its listed companies are indicative of the innovation and forward-thinking Hasbro prides itself on. We are confident that the technology platforms, services and support of NASDAQ will best support Hasbro’s continued growth as a branded play company."