{"id":72211,"date":"2026-05-08T05:08:13","date_gmt":"2026-05-08T05:08:13","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/kraken-parent-payward-buys-reap-technologies-for-600m-to-build-stablecoin-payment-rails\/"},"modified":"2026-05-08T05:08:13","modified_gmt":"2026-05-08T05:08:13","slug":"kraken-parent-payward-buys-reap-technologies-for-600m-to-build-stablecoin-payment-rails","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/kraken-parent-payward-buys-reap-technologies-for-600m-to-build-stablecoin-payment-rails\/","title":{"rendered":"Kraken Parent Payward Buys Reap Technologies for $600M to Build Stablecoin Payment Rails"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Payward Inc. agreed to acquire Reap Technologies for up to $600 million, valuing Kraken\u2019s parent at $20 billion.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Reap nearly tripled revenue and volumes in 2025, with the global stablecoin card market now exceeding $18 billion annually.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">The deal is expected to close in the second half of 2026, expanding Payward Services into card issuance and cross-border payments.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Payward Locks in $600M Reap Acquisition as <span>Stablecoin<\/span> Card Market Tops $18 Billion<\/h2>\n<p>The transaction adds card issuance and <a href=\"https:\/\/news.bitcoin.com\/circle-urges-occ-to-finalize-strong-genius-act-stablecoin-rules\/\">stablecoin<\/a>-powered cross-border payment infrastructure to Payward Services, the company\u2019s B2B platform. Payward Services currently gives partners a single integration point for <span>crypto<\/span> trading, custody, tokenized assets, on\/off-ramps, and derivatives. Reap extends that into global cards and payments.<\/p>\n<p>Reap has built a platform that connects traditional financial rails, including card networks and banking systems, with <span>stablecoin<\/span> settlement via a single API. The company supports corporate card issuing, cross-border payouts, and treasury management for businesses operating across Asia, South America, and other regions.<\/p>\n<p>Arjun Sethi, Co-CEO of Payward, described <span>stablecoins<\/span> as the \u201csettlement substrate\u201d for a financial system moving toward programmable money and autonomous execution. He pointed to several milestones on Payward\u2019s platform, including Krak launching across 110 countries on day one and xStocks crossing $29 billion in cumulative <span>volume<\/span> in its first year.<\/p>\n<p>Daren Guo, Co-Founder and CEO of Reap, said the global <span>stablecoin<\/span> and <span>crypto<\/span> card market now exceeds $18 billion annually. He noted that Reap nearly tripled revenue and volumes in 2025 and expanded its licensing footprint from Asia into South America. Guo said joining Payward was a step toward connecting <span>stablecoin<\/span> cards to a full suite of crypto-native financial services.<\/p>\n<p>Reap will continue operating as a standalone platform under Guo\u2019s leadership, retaining its brand and go-to-market strategy. It will gain access to Payward\u2019s global <span>liquidity<\/span>, custody, settlement infrastructure, and regulatory licenses in the United States and the European Union.<\/p>\n<p>The deal creates a complementary regulatory footprint across multiple markets. Reap\u2019s existing licenses in the Asia-Pacific region help Payward expand across APAC and the Americas. Payward\u2019s EU and U.S. licenses, in turn, open corridors for Reap in Europe and American markets. Together, the two companies plan to extend stablecoin-powered payments infrastructure into high-growth markets across the Middle East, North Africa, and Latin America.<\/p>\n<p>Reap is also a participant in the Global Dollar Network, connecting it further to <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-stablecoins\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">stablecoin<\/a> settlement infrastructure.<\/p>\n<p>The acquisition follows Payward\u2019s recent purchases of NinjaTrader, Bitnomial, and Backed, continuing a strategy of building out the platform through targeted, capability-focused deals. Payward operates on a shared architecture covering one global <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-liquidity-pools\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">liquidity pool<\/a>, one unified risk and margin engine, one collateral and settlement system, and one compliance and licensing framework.<\/p>\n<p> <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-stablecoins\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">Stablecoin<\/a> adoption for business payments and treasury management has been climbing. In the release, Payward described the acquisition as part of its push to build unified financial infrastructure across trading, custody, tokenized assets, and payments.<\/p>\n<p>The combined platform would let Payward Services partners embed card issuance, cross-border payments, and <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-stablecoins\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">stablecoin<\/a> treasury tools alongside the company\u2019s existing capabilities, without assembling multiple vendors or managing separate systems.<\/p>\n<\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/kraken-parent-payward-buys-reap-technologies-for-600m-to-build-stablecoin-payment-rails\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Payward Inc. agreed to acquire Reap Technologies for up to $600 million, valuing Kraken\u2019s 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 [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":72212,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72211"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=72211"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72211\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/72212"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=72211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=72211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=72211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}