💻 Technology 2d ago

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 (Crystal Tse/Bloomberg)

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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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