Kraken buys Hong Kong stablecoin firm Reap for $600 million in Asia push

Kraken’s $600 million acquisition of Reap folds a Hong Kong stablecoin business‑payments specialist into its stack, with Payward issuing stock at a $20 billion valuation to anchor its IPO‑era M&A currency. Kraken’s parent company Payward Inc. has agreed to acquire…