Why is Payward buying Reap Technologies?

Payward is acquiring Reap Technologies to expand deeper into stablecoin payments, cross-border transactions and business financial infrastructure. The deal gives Payward stronger card issuance and treasury management capabilities for enterprise clients.

How much is the Reap acquisition worth?

The transaction is valued at up to $600 million and will be paid through a mix of cash and Payward stock. The deal also implies a roughly $20 billion valuation for Payward’s equity.

What does Reap Technologies do?

Reap builds payment infrastructure connecting traditional finance systems with digital assets. The company focuses on cross-border payments, card services and financial tools for businesses operating across Asia.

Why are crypto companies moving into payments infrastructure?

Crypto firms are increasingly trying to diversify beyond trading revenue into stablecoins, payments and financial infrastructure. Cross-border payments are viewed as one of blockchain’s strongest real-world use cases because they can reduce costs and settlement times.

What is Payward Services?

Payward Services is the company’s business-to-business infrastructure platform launched in March 2026. It allows companies to integrate crypto trading, payments, funding and digital asset services into a single system.

How does this deal strengthen Payward’s stablecoin strategy?

The acquisition adds card issuance, payment rails and treasury services that can settle using stablecoins. That helps Payward build a broader crypto-native financial platform for institutional and enterprise clients.

Why is Asia important for Payward’s expansion?

Payward executives described Asia as one of the fastest-growing regions for digital asset adoption and crypto platform activity outside Europe. Acquiring Reap also gives Payward an established payments infrastructure footprint in the region.

What did Arjun Sethi mean by “payments layer for what comes next”?

Arjun Sethi said Reap combines card networks, banking systems and blockchain infrastructure through a single API. The goal is to make stablecoin-based payments easier for businesses to integrate globally.

Payward targets stablecoin payments with Reap deal

Written by Brie CarterPublished May. 8 2026

Payward agreed to acquire Hong Kong-based Reap Technologies for up to $600 million as the Kraken parent company expands deeper into stablecoin payments and business infrastructure services.

The transaction, which will be paid through a mix of cash and Payward stock, values Payward’s equity at roughly $20 billion and is expected to close in the second half of 2026 pending regulatory approvals.

“Reap is the payments layer for what comes next,”

Said Arjun Sethi, adding:

“Card networks, banking rails, and blockchains on a single API, settling in stablecoins.”

The acquisition expands Payward Services, the company’s B2B infrastructure platform launched in March 2026, into global card issuance, cross-border payments and stablecoin treasury management.

Crypto firms have increasingly pushed beyond trading into payments infrastructure and stablecoin services as digital dollar adoption accelerates among fintech firms and international businesses.

Reap, founded in 2018 by former Stripe executive Daren Guo and ex-investment banker Kevin Kang, specialises in payment infrastructure connecting traditional finance systems with digital assets across Asia.

The acquisition also strengthens Payward’s expansion in Asia, which Sethi described as one of the fastest-growing regions for crypto platform activity and digital asset adoption outside Europe.

The Reap transaction follows Payward’s earlier acquisitions of Bitnomial, NinjaTrader and Backed as the company continues building a broader crypto-native financial services platform.