Kraken parent Payward seeks fresh funding at $20 billion valuation ahead of planned IPO
CoinDesk·
60-second summary
Kraken parent Payward is seeking fresh funding at a $20 billion valuation, a significant increase from its previous valuation. This move comes as it ramps up acquisitions in derivatives and stablecoins, while preparing for a potential IPO. The fundraising will support Payward's growth strategy, further solidifying its position in the rapidly evolving crypto market.
The crypto exchange operator is pursuing a new fundraising round as it ramps up acquisitions across derivatives and stablecoins while laying the groundwork for a future public listing.