Kraken parent Payward seeks fresh funding at $20 billion valuation ahead of potential IPO
CoinDesk
Payward, the parent company of Kraken, is raising capital at a $20 billion valuation to fund acquisitions and prepare for a potential IPO.Summary
Payward, the parent company of the cryptocurrency exchange Kraken, is pursuing a new funding round at a $20 billion valuation. This capital injection is intended to support the firm's ongoing acquisition strategy, which includes recent purchases like the stablecoin firm Reap and derivatives platform Bitnomial, as well as the significant 2025 acquisition of NinjaTrader. Although Payward submitted a confidential draft S-1 registration statement for a potential IPO, it has previously paused public listing plans due to unfavorable market conditions. The company continues to evolve from a spot exchange into a diversified financial services provider.
(Source：CoinDesk)