POPA ReconKraken Bought Reap for $600M
Kraken Bought Reap for $600M Payward (Kraken's parent) has agreed to acquire Hong Kong-based Reap Technologies for $600M in cash and stock its biggest push into Asia and stablecoin payments to date. This is Kraken's fifth major move in under a year after $1.5B for NinjaTrader, $550M for Bitnomial (full CFTC-licensed US derivatives stack), the Magna token-ops acquisition, and a $200M strategic investment from Deutsche Börse. With Reap, Payward now covers Asian stablecoin rails, US-regulated derivatives, TradFi distribution, and token operations, quietly building an end-to-end financial infr…
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