# Kraken parent Payward has agreed to acquire Hong Kong-based Reap Technologies for up to $600 million.

*business · news · 2026-05-08 · Crypto News*

## Key points

- Payward will acquire Reap Technologies for up to $600 million in cash and stock.
- Reap will add global card issuance and cross-border stablecoin payments to Payward Services' platform.
- Reap continues as a standalone platform after the acquisition, pending regulatory approvals.
- Asia has become Payward’s fastest-growing region outside Europe in both revenue and platform assets.
- Payward maintains an active IPO filing, though preparations were paused in March due to market conditions.

**Companies:** Payward, Kraken, Reap Technologies, Bitnomial, NinjaTrader
**Countries:** Hong Kong, United States

[Read the full story on Crypto News](https://crypto.news/payward-buys-reap-for-600m-to-expand-stablecoin-payment-services-in-homg-kong/)

---

Canonical: https://newsio.io/n/ff7fbae1-7afc-4906-b914-d7c088c5977e/kraken-parent-payward-has-agreed-to-acquire-hong-kong-based-reap-technologies-fo
Summarized by Newsio from Crypto News. https://newsio.io/how-it-works