Illustration of Payward acquiring Reap Technologies in a Hong Kong boardroom with executives shaking hands and crypto deal details displayed.
Billede genereret af AI

Kraken parent Payward agrees to acquire Reap Technologies for $600 million

Billede genereret af AI
Dansk

Payward, the parent company of cryptocurrency exchange Kraken, has agreed to acquire Hong Kong-based Reap Technologies for up to $600 million in a cash-and-stock deal. The transaction values Payward at $20 billion and represents the company's largest acquisition to date.

The deal, reported by Bloomberg on Thursday, expands Kraken's presence in Asia through stablecoin infrastructure and cross-border payments. Reap Technologies, founded by former Stripe Asia-Pacific lead Daren Guo and ex-investment banker Kevin Kang, connects traditional finance with digital assets using stablecoin-powered settlement for business-to-business flows.

Hvad folk siger

Initial reactions on X highlight excitement over Kraken's expansion into stablecoin payments and Asia infrastructure, with users noting the strategic shift beyond trading platforms and potential for B2B growth; some posts frame the deal as a power move while others suggest it reflects leverage rather than conviction.

Relaterede artikler

Illustration of Payward executive applying for OCC trust charter with crypto elements in a government office.
Billede genereret af AI

Kraken parent Payward applies for OCC national trust charter

Rapporteret af AI Billede genereret af AI

Payward, the parent company of crypto exchange Kraken, has applied for a national trust company charter with the U.S. Office of the Comptroller of the Currency. The filing seeks to expand regulated custody services for digital assets. It builds on the firm's existing Wyoming banking subsidiary.

Nasdaq partners with Kraken to offer tokenized stocks globally

Nasdaq has announced a partnership with cryptocurrency exchange Kraken to develop and distribute tokenized versions of public stocks. The initiative aims to integrate blockchain technology into traditional markets, allowing investors to trade these digital assets while retaining standard shareholder rights. The platform is set to launch in early 2027, focusing initially on international markets outside the United States.

Stripe reportedly considers acquiring PayPal

Rapporteret af AI

Payments firm Stripe is exploring a potential acquisition of all or parts of PayPal, according to a Bloomberg report. The move comes as both companies expand into stablecoins and blockchain technology. PayPal's shares rose 7% following the news.

Crypto

Drift Protocol unveils recovery plan after $295 million hack

Crypto

$292 million Kelp DAO exploit exposes DeFi vulnerabilities

Crypto

OKX launches open-standard payment protocol for AI agents

Kalshi confirms $1 billion raise at $22 billion valuation

Kalshi has secured $1 billion in fresh funding, doubling its valuation to $22 billion in a round led by Coatue. The U.S.-based prediction market platform reported strong growth in institutional trading amid broader interest in event contracts.

Bakkt completes acquisition of stablecoin firm DTR

Rapporteret af AI

Digital asset company Bakkt has completed its equity-based acquisition of stablecoin infrastructure firm Distributed Technologies Research. The deal aims to create a 24/7 digital settlement layer by integrating DTR's technology. Bakkt issued more than 11.3 million shares as part of the transaction.

LayerZero admits mistake in $292 million Kelp exploit

LayerZero has acknowledged it made a mistake by allowing its own verifier network to secure high-value assets in a vulnerable setup. The admission comes weeks after a $292 million hack on Kelp DAO that the company had initially blamed on the developer. The firm says its core protocol remained unaffected.

Dragonfly Capital closes $650 million crypto fund amid downturn

Rapporteret af AI

Crypto venture firm Dragonfly Capital has raised $650 million for its fourth fund, even as the cryptocurrency market grapples with declining prices and waning investor interest. The new fund targets early-stage investments in a sector facing reduced deal activity. Co-founder Haseeb Qureshi highlighted the firm's candid approach as a key strength.

fredag d. 8. maj 2026, 03.41

AI agents spark startup frenzy at consensus miami hackathon

torsdag d. 7. maj 2026, 11.46

Amazon launches ai agent payments system with coinbase and stripe

mandag d. 4. maj 2026, 03.24

Aave fights to unfreeze $71 million amid Kelp DAO hack court battle

lørdag d. 2. maj 2026, 14.16

Crypto exchange IPOs remain tethered to Bitcoin's performance

onsdag d. 4. marts 2026, 10.06

Kraken receives first Fed master account for crypto firm

tirsdag d. 3. marts 2026, 04.08

PayPay and SoftBank seek $1.1 billion in U.S. IPO

torsdag d. 26. februar 2026, 18.09

Primary Wave nears $1 billion deal to acquire Kobalt Music Group

mandag d. 23. februar 2026, 23.54

Kraken sponsors Trump accounts for Wyoming newborns

fredag d. 13. februar 2026, 10.22

Crypto startups raise $18.5 million despite $2tn market wipeout

tirsdag d. 10. februar 2026, 00.45

Kraken dismisses CFO ahead of public listing

 

 

 

Dette websted bruger cookies

Vi bruger cookies til analyse for at forbedre vores side. Læs vores privatlivspolitik for mere information.
Afvis