Payward is committing $25M to $ORBS, part of a $125M round w/ ARK, Pantera, Coinfund & others. "Capital deployed at that convergence has the potential to scale non-linearly, and we're excited to support a strategy designed to capture that asymmetry" — @arjunsethi

📣 Payward and @FTDA_US announced a strategic collaboration to advance tokenized assets and institutional digital finance. This collaboration will accelerate adoption of tokenized investments, integrate BENJI and co-design a new suite of tokenized yield products. @DavidLRipley @DigitalFinForum @SALTConference @Krakenfx @xStocksFi Read more:

Announcing Payward’s FY 2025 financial results—and alongside them, a clearer articulation of Payward’s role as the unified infrastructure layer powering Kraken and a growing family of products, including @NinjaTrader, @breakoutprop, @xStocksFi, and future products yet to be launched. Payward enables each product to be purpose-built for a specific customer segment, regulatory regime, and use case, while operating on shared foundations: ∙ One global liquidity pool ∙ One risk & margin engine ∙ One collateral & settlement system ∙ One compliance & licensing framework Beginning in 2025, Payward has taken on a more explicit role as the infrastructure layer supporting multiple product surfaces and interfaces. Last was a year defined by execution: shipping across the entire product suite, launching, scaling, and integrating at a pace that reflected both operational maturity and long-term conviction. Growth was driven by strong core product momentum and meaningful contributions from recent acquisitions. 📈 FY 2025 highlights: ∙$2.2B adjusted revenue (+33% YoY) ∙$531M adjusted EBITDA (+26% YoY) ∙$2.0T platform transaction volume (+34% YoY) ∙$48.2B assets on platform (+11% YoY) ∙ 5.7M funded accounts (+50% YoY) ∙ Futures DARTs up 119%, driven by NinjaTrader and Breakout integration FY 2025 established a new baseline for Payward’s scale, earnings power, and long-term ambition. Learn more 👇

🐙 #Kraken# parent #Payward# reported strong Q1 2026 growth: • Revenue: $507M (+3% YoY) • Assets on platform: $40B • Funded accounts: 6.1M (+47% YoY) The company is also accelerating its expansion strategy through acquisitions including Backed, Magna, Bitnomial and Reap — while continuing preparations for a future IPO 👀

Kraken Parent Payward Cuts 150 Jobs Ahead of Planned IPO According to CoinDesk, Payward, the parent company of crypto exchange Kraken, is laying off approximately 150 employees as part of an optimization and restructuring effort ahead of its planned IPO. The company employs around 3,000 staff globally. The company confidentially filed a draft S-1 with the U.S. SEC last November and is seeking fresh funding at a $20 billion valuation.

Thrilled to see our portfolio company @reapglobal join the @Payward / @krakenfx family. Proud to have backed Reap since the early days as they build the future of stablecoin-powered global payments. Congratulations to the entire team on this milestone! 🚀

We're acquiring Reap. Card networks. Banking rails. Blockchains. One platform. Stablecoin-powered. @reapglobal expands @PaywardServices with globally regulated card issuance and stablecoin payments. Financial infrastructure for the next era of global payments.

Another incredible week for PayFi and our ecosystem partners. From global payment giants to the largest allocators, PayFi was the theme of the past week. Headlines ↓ 1️⃣ @WesternUnion, one of the largest payment networks, launched @USDPT_ on @solana via @Anchorage. 2️⃣ Kraken parent @Payward acquired @reapglobal for $600 million, expanding @PaywardServices with globally regulated card issuance and stablecoin payments. 3️⃣ @Visa expanded stablecoin settlement to Arc, Base, Canton, Polygon, and Tempo as volume reaches $7B with 50% QoQ growth. 4️⃣ @a16zcrypto raised $2.2B for their new fund, highlighting payments and on-chain finance as the leading use cases. 5️⃣ @HaunVentures raised $1B to invest in the new financial infrastructure including payments, banking, capital markets, custody, foreign exchange, as well as the agentic economy. 6️⃣ Huma selected @chainlink’s CCIP for cross-chain expansion of yield products, enabling the expansion of PST across chains while maintaining the highest level of security. 7️⃣ @raincards is now a @mastercard Principal Member. Stablecoin card infrastructure, now with global network reach. 8️⃣ @jpmorgan's 2026 Payments Outlook Report reiterates, “The next generation of payments will be defined by liquidity." 9️⃣ @Tether launched Developer Grants Program to fund local-first AI and payments infrastructure. 🔟 @fun announced $72 million Series A, co-led by @multicoin and @SignalFire to modernize global payments for modern fintechs. 1️⃣1️⃣ @Meta begins offering USDC creator payouts to wallets on Solana and Polygon.