TechFlow News, May 12: According to CoinDesk, Payward—the parent company of Kraken—is seeking new funding at a $2 billion valuation. Payward has recently accelerated its acquisition efforts, having acquired stablecoin payments firm Reap and digital asset derivatives platform Bitnomial; in both transactions, the company’s valuation stood at $2 billion.
Earlier, in 2025, Payward completed its $1.5 billion acquisition of U.S. retail futures platform NinjaTrader. Payward has confidentially submitted a draft Form S-1 registration statement to the U.S. Securities and Exchange Commission (SEC) in preparation for a potential IPO. Kraken declined to comment on the current funding round.
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