Kraken Parent Acquires Asian Stablecoin Firm Reap for $600 Million: Bloomberg – Decrypt
In brief Kraken parent Payward Inc. agreed to pay $600 million for Reap Technologies, a Hong Kong-based stablecoin payments provider. The deal combines cash and stock, with Payward issuing shares at a $20 billion valuation, according to co-CEO Arjun Sethi. Reap specializes in cross-border payments using stablecoins, targeting Asian markets for cryptocurrency payment infrastructure. Payward...
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