“Kraken Parent Payward to Acquire Fintech Firm Reap in $600M B2B Stablecoin Expansion | Nov” — what this page in the network covers. Payward, the parent company of cryptocurrency exchange giant Kraken, has announced a definitive agreement to acquire the Hong Kong-based fintech firm Reap... CoinTelegraphMay 7, 2026 • 3:00 PM1 views Payward, the parent company of cryptocurrency exchange giant Kraken, has announced a definitive agreement to acquire the Hong Kong-based fintech firm Reap in a deal valued at approximately $600 million.
This strategic move is designed to integrate Reap’s sophisticated B2B payment platform, card issuance, and multi-currency liquidity tools into Kraken’s growing institutional services suite. By acquiring Reap, Kraken aims to streamline enterprise-level stablecoin payments, facilitating faster and more cost-effective cross-border settlements that bypass traditional, slow-moving banking rails. The acquisition signals a major shift in the cryptocurrency industry, moving away from purely speculative trading toward providing functional utility and infrastructure for global commerce. This listing links straight to the original page, where the content is available in full.