reap

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Payward unveils acquisition of Reap Technologies for $600M

​#Kraken parent company #Payward has acquired a stablecoin-oriented provider of cross-border and business payments services, #ReapTechnologies, for $600M. #Reap operates a payments business that bridges traditional financial systems with digital assets, facilitating cross-border fund transfers. Reap marks Payward’s first infrastructure acquisition in Asia and one of its largest to date. The deal is expected to lead to new B2B offerings, including card issuance and stablecoin payment products.

👉 bloomberg.com/news/articles/2026-05-07/kraken-parent-to-buy-reap-for-600-million-in-asian-expansion

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