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Kraken parent Payward seeks fresh funding at $20 billion valuation ahead of potential IPO
Key takeaways
- Kraken declined to comment on the raise.
- The latest fundraising round comes as the company ramps up spending on takeovers.
- Most recently, it bought stablecoin-focused payments firm Reap for $600 million and digital asset derivatives platform Bitnomial for $550 million as it continues to scale up ahead of a planned IPO.
Kraken declined to comment on the raise.
The latest fundraising round comes as the company ramps up spending on takeovers.
Most recently, it bought stablecoin-focused payments firm Reap for $600 million and digital asset derivatives platform Bitnomial for $550 million as it continues to scale up ahead of a planned IPO. Payward was valued at $20 billion in both transactions.
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