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

<img width="768" height="432" src="https://static.news.bitcoin.com/wp-content/uploads/2026/05/kraken-parent-payward-buys-reap-technologies-for-600-million-to-build-stablecoin-payment-rails-768x432.png" class="attachment-medium_large size-medium_large wp-post-image" alt="" style="float:left; margin:0 15px 15px 0;" decoding="async" fetchpriority="high" srcset="https://static.news.bitcoin.com/wp-content/uploads/2026/05/kraken-parent-payward-buys-reap-technologies-for-600-million-to-build-stablecoin-payment-rails-300x169.png 300w, https://static.news.bitcoin.com/wp-content/uploads/2026/05/kraken-parent-payward-buys-reap-technologies-for-600-million-to-build-stablecoin-payment-rails-1024x576.png 1024w, https://static.news.bitcoin.com/wp-content/uploads/2026/05/kraken-parent-payward-buys-reap-technologies-for-600-million-to-build-stablecoin-payment-rails-768x432.png 768w, https://static.news.bitcoin.com/wp-content/uploads/2026/05/kraken-parent-payward-buys-reap-technologies-for-600-million-to-build-stablecoin-payment-rails-190x107.png 190w, https://static.news.bitcoin.com/wp-content/uploads/2026/05/kraken-parent-payward-buys-reap-technologies-for-600-million-to-build-stablecoin-payment-rails-380x214.png 380w, https://static.news.bitcoin.com/wp-content/uploads/2026/05/kraken-parent-payward-buys-reap-technologies-for-600-million-to-build-stablecoin-payment-rails-760x428.png 760w, https://static.news.bitcoin.com/wp-content/uploads/2026/05/kraken-parent-payward-buys-reap-technologies-for-600-million-to-build-stablecoin-payment-rails.png 1280w" sizes="(max-width: 768px) 100vw, 768px" />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 […] Read Entire Article

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