Payward announced a definitive agreement to acquire Reap Technologies Holdings in a transaction valued at up to $600 million payable in a mix of cash and Payward stock. The deal values Payward’s equity at approximately $20 billion.
The acquisition expands Payward Services, the company’s B2B infrastructure platform, into global cards, stablecoin payments, and cross-border financial infrastructure.
Reap operates a stablecoin-native payments and card issuing platform that integrates traditional financial rails, card networks, and blockchain settlement systems into API-driven infrastructure supporting corporate cards, cross-border payouts, treasury management, and embedded financial products.
Payward said the acquisition allows partners to integrate card issuance, stablecoin treasury services, and cross-border payment capabilities alongside Payward’s existing crypto trading, custody, tokenized assets, derivatives, and settlement infrastructure.
The company said the transaction continues its broader acquisition strategy following prior acquisitions including NinjaTrader, Bitnomial, and Backed.
Payward also said the acquisition strengthens its regulatory footprint globally. Reap’s licenses expand Payward’s reach across Asia-Pacific and Latin America, while Payward’s European Union and United States licenses create additional expansion opportunities for Reap.
Reap will continue operating as a standalone platform within the Payward ecosystem while maintaining its leadership team under Co-Founder and CEO Daren Guo.
The companies said the transaction comes amid increasing enterprise adoption of stablecoins for treasury management, cross-border settlement, and payment infrastructure use cases.
The acquisition remains subject to regulatory approvals and customary closing conditions and is expected to close during the second half of 2026.
KEY QUOTES:
“Finance is moving in one direction. Continuous markets. Programmable money. Autonomous execution. Stablecoins are the settlement substrate. AI agents are the new participants. We see the inflection on our own platform: Krak shipped to 110 countries on Day 1, xStocks crossed $29 billion in cumulative volume in its first year, 1,900 B2B partners run on Payward’s shared infrastructure today.”
“Reap is the payments layer for what comes next. Card networks, banking rails, and blockchains on a single API, settling in stablecoins. The infrastructure for that world has to be open, regulated, and operational at global scale on Day 1. The next financial product will not be assembled. It will be deployed.”
Arjun Sethi, Co-CEO, Payward
“Stablecoins in card payments are one of the largest real world applications today and Reap is proud to be leading the way. With the global stablecoin and crypto card market now exceeding $18 billion annually, Reap nearly tripled revenue and volumes in 2025, and expanded our licensing footprint from Asia to South America.”
“What’s next is for us to connect stablecoin cards and payments to a full suite of crypto-native financial services to power scale, regulatory reach, and distribution for our clients. Joining Payward was a natural step to accelerate the future of finance and build category-disrupting offerings in web3, agentic commerce and more.”
Daren Guo, Co-Founder And CEO, Reap
