Kraken Parent Acquires Asian Stablecoin Firm Reap for $600 Million: Bloomberg

Kraken Parent Acquires Asian Stablecoin Firm Reap for $600 Million: Bloomberg

The deal marks Kraken's largest acquisition as it pushes into Asian cross-border payments through stablecoin infrastructure.

Kraken parent Payward agrees to buy Hong Kong-based Reap, which connects financial systems with digital assets, for $600M, and issues stock at a $20B valuation (Crystal Tse/Bloomberg)

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Kraken parent strikes $600 million deal to acquire Asian stablecoin firm Reap

Kraken's expansion into Asia via Reap Technologies could enhance global B2B transactions, boosting stablecoin adoption and fintech innovation. The post Kraken parent strikes $600 million deal to acquire Asian stablecoin firm Reap appeared first on Crypto Briefing.