Kraken Parent Payward Buys Reap Technologies for $600M to Build Stablecoin Payment Rails
Key Takeaways Payward Inc. agreed to acquire Reap Technologies for up to $600 million, valuing Kraken’s parent at $20 billion. Reap nearly tripled revenue and volumes in 2025, with the global stablecoin card market now exceeding $18 billion annually. The deal is expected to close in the second half of 2026, expanding Payward Services into
