Kraken owner Payward will acquire Hong Kong-based Reap Technologies as the crypto exchange expands its stablecoin and payments infrastructure business in Asia. Kraken parent Payward agreed to acquire Hong Kong-based stablecoin payments firm Reap Technologies in a $600 million cash-and-stock deal that values Payward at $20 billion and marks Kraken’s first infrastructure acquisition in Asia. Reap, founded by former Stripe Asia-Pacific lead Daren Guo and ex–investment banker Kevin Kang, provides c…
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