CHEYENNE, Wyo., July 1, 2026 — Payward completed acquisition of Reap Technologies Holdings Limited, a stablecoin-native card issuing and payments infrastructure company.
Deal first announced May 7, 2026. Expands Payward Services B2B platform with globally regulated card issuance and stablecoin payments infrastructure.
Deal valued at up to 20 billion.
Arjun Sethi, Co-CEO of Payward and Kraken: building rails for open global financial system where stablecoins are settlement medium and tokenized assets are native collateral. Reap enables card issuance, cross-border payments, treasury against on-chain liquidity via one API.
Reap continues as standalone brand. Payward awaiting OCC national trust bank charter response (application filed May 2026).
Payward infrastructure layer behind Kraken, NinjaTrader, Breakout, xStocks, Bitnomial, CF Benchmarks.