Payward, the parent company of crypto exchange Kraken, is in talks to become a crypto liquidity provider to U.S. financial giant Wells Fargo (WFC), according to two people with direct knowledge of the matter. Under the potential deal, Wyoming-based Payward would supply liquidity for trading in crypto assets, the people said, speaking on condition of […]
Nasdaq Ventures agreed last month to invest $100 million in Payward at a $21 billion valuation while expanding the companies’ collaboration on tokenized equities. Under that agreement, Nasdaq and Payward will continue to develop the operational and commercial infrastructure for Nasdaq Equity Tokens. Payward will also adopt Nasdaq’s market-surveillance technology across its crypto, equities, tokenized-equities, […]
Payward has divided that vision into four pillars: trading through Kraken, banking, asset management and Payward Services, its business-to-business infrastructure division. Kraken has about 6.6 million funded accounts holding between $40 billion and $50 billion of assets, according to Sethi, across more than 190 countries and territories. To grow its vision of a unified financial […]