Payward, a unified financial infrastructure platform advancing an open, global financial system, today announced the completion of its acquisition of Reap Technologies Holdings Limited ("Reap"), a leading stablecoin-native, card issuing and payments infrastructure company enabling global money movement. The acquisition, which was first announced on May 7, 2026, expands Payward Services, the company's B2B infrastructure platform, unlocking globally regulated infrastructure for card issuance and stablecoin payments.
Payward completes acquisition of Reap for stablecoin-native card issuing and payments.
Reap processed billions in stablecoin-funded transaction flows in 2025.
Partners can issue cards, originate cross-border payments, and manage treasury through one API.
Reap to operate as standalone brand within Payward ecosystem.
Payward powers Kraken, NinjaTrader, Breakout, xStocks, Bitnomial, and CF Benchmarks.
Reap's licenses accelerate Payward's expansion across APAC and Americas.
Arjun Sethi, Co-CEO of Payward and Kraken, stated: "We are building the rails for an open, global financial system, where stablecoins are the settlement medium and tokenized assets are the native collateral underneath every transaction. With Reap, partners can issue cards, originate cross-border payments, and manage treasury against on-chain liquidity that settles in near real time, programmatically, through one API rather than a stack of correspondent banks and regional processors. Each new partner that builds on this compounds the network: more issuance, more corridors, more stablecoin velocity, and lower friction for everyone downstream."
Payward Services brings core financial infrastructure together behind one integration, giving partners the tools to launch always-on products across crypto trading, custody, tokenized assets, on/off-ramps, derivatives, and now global cards and payments. With Reap, that infrastructure now includes embedded card issuance, cross-border money movement, and stablecoin-based treasury management capabilities alongside access to Payward's global liquidity, custody, and settlement infrastructure.
Daren Guo, Co-Founder of Reap, stated: "We're at an inflection point where fiat and crypto rails are merging into a single global payments layer, and that creates new and disruptive opportunities in cards and payments. Stablecoin settlement is becoming the default for how businesses move money across borders, and Reap was built from day one to be the infrastructure that makes that work. With Payward, we can bring that to more markets, more partners, and power the agentic payment flows that will define the next generation of embedded card issuance and financial operations."
The acquisition positions the two businesses to extend stablecoin-powered payments infrastructure into high-growth markets, with Reap's existing licenses accelerating Payward's expansion across APAC and the Americas as Payward's EU and US licenses open new corridors for Reap in Europe and the US. Reap will continue to operate as a standalone brand within the Payward ecosystem, maintaining its brand, leadership team, and go-to-market approach while benefiting from Payward's global infrastructure and regulatory footprint.
About Payward
Payward, Inc. is a unified financial infrastructure platform that powers a family of products advancing an open, global financial system. Built on a single shared architecture, Payward enables customers to hold, trade, earn, pay, and invest across asset classes without friction or fragmentation. At its core, Payward provides the infrastructure layer behind Kraken and a growing set of purpose-built products, including NinjaTrader, Breakout, xStocks, Bitnomial, and CF Benchmarks. Payward separates infrastructure from product expression, with each product surface designed for a specific customer segment, regulatory regime, and use case.
About Reap
Reap is a global financial technology company that enables financial connectivity and access for businesses worldwide through stablecoin-native infrastructure. Reap transforms the financial landscape through more efficient money movement by merging traditional finance with digital assets. Reap was an early leader in Asia to incorporate stablecoins into its solutions. In 2025, Reap processed billions in stablecoin-funded transaction flows.
