# Kraken parent Payward Inc. agreed to pay $600 million for Reap Technologies.

*fintech · news · 2026-05-07 · Decrypt*

## Key points

- Payward Inc. will acquire Hong Kong-based Reap Technologies for $600 million in cash and stock.
- Payward is issuing shares in the deal at a $20 billion valuation, matching its prior fundraising.
- Reap specializes in cross-border payments using stablecoins, focused on Asian market infrastructure.
- The acquisition enables Payward to expand outside trading into payment services in Asia with Reap's technology.

**Companies:** Payward Inc., Reap Technologies
**Countries:** Hong Kong

[Read the full story on Decrypt](https://decrypt.co/367094/kraken-parent-acquires-asian-stablecoin-firm-reap-600-million)

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