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Payward to acquire Reap for $600M at $20B valuation
Payward acquires Hong Kong-based Reap Technologies, a stablecoin-focused cross-border payments firm, for $600 million, valuing the Kraken parent at $20 billion.
Crystal Tse / Bloomberg: Kraken parent Payward agrees to buy Hong Kong-based Reap, which connects financial systems with digital assets, for $600M, and issues stock at a $20B valuation — The owner of crypto exchange Kraken has agreed to pay $600 million for Reap Technologies, a stablecoin-oriented provider of cross-border and business payments services.
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