Payward, Kraken’s parent company, announced that it has agreed to acquire Hong Kong-based Reap Technologies for up to $600 million. The deal adds card issuance and cross-border stablecoin payment infrastructure to Payward’s expanding business services platform. Earlier reports described Reap as a stablecoin business-payments specialist and Solana partner focused on enterprise payments, fiat on- and off-ramps, and regional financial infrastructure. The new report clarifies that the consideration is up to $600 million and frames the acquisition as an official expansion of Payward’s business services capabilities beyond its core exchange operations.