What to know:
- Payward will acquire Reap to expand stablecoin payments and global services networks.
- Reap nearly tripled revenue in 2025 while expanding into South American markets further.
- Payward and Reap aim to grow stablecoin payments across Europe and MENA markets globally.
Kraken’s parent company, Payward, has agreed to acquire Reap Technologies Holdings in a deal valued at up to $600 million. The acquisition marks another major step in the company’s expansion into stablecoin payments and global financial infrastructure.
As per a report, Payward said the transaction will include a mix of cash and company stock. The deal values the firm’s equity at around $20 billion. The company expects the acquisition to strengthen Payward Services, its business-focused financial platform.
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Payward Expands Stablecoin Payments
Reap has created a payment platform that bridges traditional finance and blockchain. It allows users access to a suite of products ranging from corporate card issuance, international money transfers, treasuries, and crypto-enabled payment solutions. Additionally, Reap is able to offer stablecoin settlement through an API-based solution.
Payward intends to incorporate the solutions offered by Reap in its financial ecosystem. According to Payward, its intentions lie in offering a single solution for businesses when it comes to trading, asset custody, tokenization, cards, and stablecoin payments.
Arjun Sethi, co-CEO of Payward, said that stablecoins are becoming essential to global finance. Sethi believes that financial systems are increasingly becoming 24/7 and programmable. Stablecoins have been noted as the payment layer for the future of transactions.
CEO Reap, Daren Guo, mentioned that the value of the card and payments market in stablecoins surpassed $18 billion annually. Furthermore, Guo stated that the blockchain payments ecosystem became the biggest practical application of the crypto space. Guo also noted that Reap had been working towards development in the growing sector.
According to Reap, the company managed to increase revenue and transactions by almost three times in 2025. Moreover, Reap managed to extend its licensing portfolio beyond Asia to include South America. The Reap technology combines the power of blockchain-based settlements and traditional payments networks into one platform.
Reap Maintains Operations After Acquisition
Payward is expecting that licenses in Latin America and Asia-Pacific will help Reap in its plans of expanding internationally. On the other hand, Reap will benefit greatly from Payward’s regulatory footprint in the United States and Europe. Both parties plan to expand their services of stablecoin payments in the Europe, Asia-Pacific, Latin America, and MENA regions.
Reap will continue to function as an independent platform post-acquisition. It will maintain its leadership structure and branding inside the Payward ecosystem. According to Payward, this acquisition will help maintain the present operations of Reap while increasing its presence worldwide.
The move comes after Payward’s recent venture into crypto infrastructure that is subject to regulation. In the early part of the year, Payward reached an agreement to purchase Bitnomial in another $550 million acquisition deal. The Payward Group has been growing through acquisitions like NinjaTrader and Backed.
This latest acquisition highlights the importance of stablecoin payments in the realm of institutional finance and cross-border transactions. Businesses have been increasingly embracing blockchain technology to facilitate continuous financial activities. Competing infrastructure providers are racing to develop always-on digital payment systems.
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