Crypto platform Kraken is raising capital at $20 billion valuation ahead of its potential IPO

May 11, 2026 - 20:00
Crypto platform Kraken is raising capital at $20 billion valuation ahead of its potential IPO
Payward, the parent company of crypto platform Kraken, is raising new capital at a $20 billion valuation, according to two people with knowledge of the matter. Kraken declined to comment on the raise. The latest fundraising round comes as the company ramps up spending on takeovers. Most recently, it bought stablecoin-focused payments firm Reap for...

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