Kraken Parent to Acquire Reap Technologies in $600 Million Deal

Bloomberg reported that Payward Inc., which operates Kraken, has reached a $600 million agreement to buy Hong Kong-based Reap Technologies.

The acquisition underscores Payward’s broader push into stablecoin-powered payment services. Reap specializes in cross-border transactions and business payment solutions built on stablecoin infrastructure.

As part of the transaction, Payward’s shares were valued at $20 billion.

Source: Bloomberg