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Kraken parent Payward Inc. agreed to pay $600 million for Reap Technologies.
Payward Inc. will acquire Hong Kong-based Reap Technologies for $600 million in cash and stock.
KEY POINTS
- 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
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