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Kraken Parent Payward Explores Crypto and Payments Partnership with BNY
The talks could link BNY’s custody and wealth services with Payward’s crypto, payments and trading businesses as the firms expand into digital-asset infrastructure.
- Custody banking giant BNY is in discussions with Payward, the Wyoming-based parent company of crypto exchange Kraken, over a potential partnership spanning digital assets and financial-market infrastructure, according to two people familiar with the matter.
- The proposed arrangement could leverage Payward Services, the platform supplying infrastructure to banks and asset managers, potentially mirroring operational work included in Payward's recent Nasdaq agreement.
- Potential collaboration areas include crypto custody, wealth management, trading, and payments, while BNY continues developing tokenized deposits designed to support near-real-time onchain settlement between institutional market participants.
- Discussions remain ongoing with no guarantee of a final agreement, and both Payward and BNY declined to comment on the talks.
- This effort aligns with Payward's strategy to connect digital-asset operations with established financial institutions, following recent acquisitions of NinjaTrader, Bitnomial, and Reap to build a broader financial-services platform.
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Cryptocurrency News | Cryptocurrency Prices | Market CapKraken parent Payward explores crypto and payments partnership with BNY
Kraken parent Payward has entered talks with BNY over a potential partnership covering six areas, including crypto custody, trading and payments, according to two people familiar with the discussions. Two people familiar with the matter said the proposed arrangement could…
BNY and Kraken Parent Payward in Talks Over Digital Asset Infrastructure Deal
BNY is in active discussions with Payward, the parent company of crypto exchange Kraken, over a potential partnership that would… Read the original on BNY and Payward Explore Major Digital Asset Partnership Talks. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
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Total News Sources10
Leaning Left0Leaning Right1Center2Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
C 67%
R 33%
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