POPA ReconKraken Completes Its Acquisition of Reap
Kraken Completes Its Acquisition of Reap Payward — Kraken's parent — has closed its acquisition of Reap, a stablecoin-native card issuing and payments infrastructure firm licensed across APAC and the Americas. The deal folds card issuance, cross-border payments and treasury into Payward's B2B platform — one API instead of multiple correspondent banks. Reap stays a standalone brand under co-founder Daren Guo. Announced in May and closed July 1 with terms undisclosed — another sign stablecoin rails are becoming default for cross-border business payments. 👉 payward.com/press-release/payward-r…
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