Kraken Parent Targets Asia Expansion, Adds Payments and Banking Partners
Summary
Payward, Kraken's parent, is expanding in Asia-Pacific, its fastest-growing region, with plans to pursue regulatory licenses in several jurisdictions. Co-CEOs David Ripley and Arjun Sethi said demand extends beyond crypto to overseas investments, fixed-income products, and borrowing against assets. The push follows the completed acquisition of payments company Reap and a partnership with Singapore Gulf Bank for round-the-clock USD settlement for institutional clients. Nasdaq Equity Tokens are expected to launch in Q2 2027 under the $100 million Nasdaq Ventures investment. Executives reiterated the confidential IPO filing but gave no timetable, citing profitability and future capital needs.
This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.