Payward, Kraken's parent company, has partnered with global fintech GTN to launch its blockchain-based xStocks outside the U.S. for the first time. The expansion begins with Hong Kong-listed equities, with plans to include U.K., European, and South Korean stocks, aiming to address capital market fragmentation.
Kraken Co-CEO Arjun Sethi highlighted Hong Kong's century-long role as an international business gateway, now being reshaped by stablecoins and blockchain into a 24/7 liquidity hub. Payward's recent US$600M acquisition of Reap Technologies signals expansion into Asia via Hong Kong.
Payward, Kraken's parent company, secured a $22 million arbitration award against former auditor Mazars USA. Payward alleges Mazars withdrew from a 2022 audit without cause, contributing to a broader campaign against crypto firms.
Kraken, via sa maison mère Payward, serait en discussion pour acquérir une participation stratégique dans Aave, un protocole de prêts décentralisés majeur. Cette opération rapprocherait un acteur centralisé des cryptomonnaies d'un pilier de la finance décentralisée (DeFi), diversifiant les activités de Kraken et attirant l'attention institutionnelle sur la DeFi.
Kraken's operator, Payward, received preliminary approval from Dubai's VARA for a broker-dealer, investment, and management license, paving the way for a full launch in the UAE with services like AED funding and institutional access.
Payward (Kraken) and Franklin Templeton collaborate to bring traditional financial products to blockchain, including tokenized equities, yield products, and money market funds, bridging Wall Street and crypto markets.
Crypto exchange Kraken is seeking a U.S. federal banking charter to complement its Wyoming SPDI subsidiary.
Kraken parent Payward agreed to buy Hong Kong-based Reap for up to $600 million, adding card issuance and stablecoin payment capabilities to its new B2B platform.
Kraken parent Payward agreed to buy Hong Kong-based Reap for up to $600 million, adding card issuance and stablecoin payment capabilities to its new B2B platform.
Payward, parent company of Kraken, has completed its acquisition of crypto derivatives venue Bitnomial, gaining control of a fully CFTC-regulated derivatives stack including Futures Commission Merchant, Designated Contract Market and Derivatives Clearing Organization licenses. The first definitive agreement was announced April 17. Bitnomial is the first crypto-native US company to hold exchange, clearing and brokerage functions under the CFTC.
Payward, maison mère de Kraken, rachète Bitnomial pour jusqu'à 550 millions de dollars, valorisant l'entreprise à 20 milliards de dollars. L'opération, prévue pour le premier semestre 2026, permet à Kraken d'obtenir trois licences CFTC cruciales pour proposer des produits dérivés réglementés aux États-Unis. Bitnomial, fondée à Chicago par Luke Hoersten, apporte une infrastructure de compensation conçue pour les actifs numériques avec règlement en cryptomonnaies et marchés 24h/24.
The acquisition will give Kraken access to complete CFTC-licensed crypto derivatives infrastructure in the U.S.
