Kraken parent strikes $600 million deal to acquire Asian stablecoin firm Reap
Payward, the company behind crypto exchange Kraken, is buying Reap Technologies for $600 million using cash and stock valued at $20 billion. Reap Technologies is a Hong Kong fintech firm specializing in stablecoin-powered payment rails and tools that support global business-to-business money movement. The acquisition is its first infrastructure deal in Asia and will support…
