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Kraken’s parent Payward is building a financial empire that goes far beyond crypto trading

Summary by Coin Desk
Kraken parent Payward is unifying trading, payments, asset management and institutional services on common rails, co-CEO Arjun Sethi said.

8 Articles

Kraken's parent company, Payward, has spent billions of dollars on NinjaTrader, Bitnomial, and Nasdaq-backed tokenization; a financial infrastructure beyond Bitcoin (BTC)…

Payward, Kraken's parent, combines derivatives and payments acquisitions with Deutsche Börse's investments and an investment agreement with Nasdaq to expand its business beyond trading; integration and regulation of tokenized shares remain among its main challenges.

Payward does not play small. Kraken's parent company, based in Wyoming, has spent billions over the last two years to buy businesses, enter into agreements with Nasdaq and the London Stock Exchange, and discreetly turn into something much bigger than a simple trading platform.

Payward, owner of Kraken, spends billions on acquisitions to unite trading, banking and asset management in one infrastructure

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Coin Desk broke the news in New York, United States on Saturday, September 26, 2026.
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