Kraken Parent Payward Buys Reap Technologies for $600M to Build Stablecoin Payment Rails

Payward Inc., the parent company of cryptocurrency exchange Kraken, announced on Thursday that it has agreed to acquire Hong Kong-based Reap Technologies Holdings for up to $600 million in a mix of cash and stock, in a deal that values Payward at $20 billion. Payward Locks in $600M Reap Acquisition as Stablecoin Card Market Tops […]

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Bitcoin.com

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May 8, 2026

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Kraken Parent Payward Buys Reap Technologies for $600M to Build Stablecoin Payment Rails

Payward Inc., the parent company of cryptocurrency exchange Kraken, announced on Thursday that it has agreed to acquire Hong Kong-based Reap Technologies Holdings for up to $600 million in a mix of cash and stock, in a deal that values Payward at $20 billion. Payward Locks in $600M Reap Acquisition as Stablecoin Card Market Tops […]

Bitcoin.com

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May 8, 2026

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