Beyond The Exchange: Kraken Parent Payward Spends Billions To Become The Backbone Of Finance - EGamers.io -

For 15 years, Kraken's business was running a crypto exchange. Over just the past two, its parent company has spent billions of dollars on acquisitions: a

• Kraken's parent company, Payward, is aggressively acquiring financial infrastructure and services, including a futures brokerage, derivatives exchange, and plans for a European bank, to build a unified financial platform.
• The strategy, termed 'one ledger,' aims to streamline financial operations by leveraging blockchain technology to reduce intermediaries, delays, and fees.
• Payward is also partnering with traditional financial institutions like Nasdaq and the London Stock Exchange to integrate tokenized assets and market surveillance technology, positioning itself as a provider of 'Everything Financial Infrastructure'.

Topics: Infrastructure providers, Institutional adoption, Blockchain usage, Tokenization platforms, Major financial incumbents, Ethereum evm l 1 s

Tags: #payward #kraken #infrastructure #tokenization #acquisitions #banking #blockchain #oneledger #nasdaq #londonstockexchange

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xStocks adds Ledger hardware wallet support for tokenized shares

Payward and Ledger plan hardware wallet support for xStocks, giving eligible users device-based control of tokenized shares.

• Payward and Ledger are integrating hardware wallet support for xStocks, allowing users to control tokenized shares with their Ledger devices.
• This partnership aims to enhance self-custody for tokenized equities, enabling eligible users to buy, sell, and transfer these assets while maintaining control of their private keys.
• The integration extends to Kraken customers and plans for institutional clients, though restrictions for U.S. persons remain in place for xStocks.

Topics: Asset types, Infrastructure providers, Institutional adoption, Alternative assets, Tokenization platforms, Custody security solutions, Asset manager initiatives

Tags: #xstocks #ledger #hardwarewallet #tokenizedshares #selfcustody #payward #kraken #tokenizedequities #digitalassets #securitytokens

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Kraken parent plans regulated Hyperliquid perps for US traders

Kraken parent Payward plans regulated Hyperliquid perpetual futures for approved US traders, subject to regulatory approval.

• Kraken's parent company, Payward, plans to offer regulated on-chain perpetual futures to approved US traders via the Hyperliquid protocol.
• The initiative aims to provide a regulated pathway for US traders to access perpetual futures markets, which have largely operated outside US jurisdiction.
• The launch is contingent on regulatory approval and will involve Payward-owned entities Bitnomial and NinjaTrader Clearing for marketplace and custody functions, respectively.

Topics: Institutional adoption, Legal regulatory, Blockchain usage, Banking depository pilots, Securities law classification, Ethereum evm l 1 s

Tags: #kraken #payward #hyperliquid #perpetualfutures #ustraders #regulatedmarket #onchain #blockchain #bitnomial #ninjatraderclearing

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Kraken IPO delayed until Q2 2027: report

Kraken parent Payward has delayed its planned IPO until at least Q2 2027 as weak crypto markets and lower trading activity weigh on listings.

• Kraken's parent company, Payward, has delayed its planned IPO until at least Q2 2027 due to weak crypto markets and reduced trading activity.
• The company confidentially submitted a draft S-1 registration statement in November 2025 and previously raised $800 million at a $20 billion valuation.
• Despite market challenges, Payward reported a 17% increase in adjusted revenue to $508 million in Q2, though overall transaction volume decreased.

Topics: Institutional adoption, Scalability, Legal regulatory, Asset manager initiatives, Growth metrics, Securities law classification

Tags: #kraken #ipo #payward #sec #cryptocurrency #marketconditions #registrationstatement #valuation #revenue #tradingvolume

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Silhouette RFQ Goes Live on Hyperliquid for $620M xStocks

Silhouette has launched request-for-quote block trading on Hyperliquid mainnet, letting market makers compete for tokenized xStocks with no order book.

• Silhouette has launched an RFQ block trading system on Hyperliquid for tokenized equities (xStocks), allowing market makers to compete for trades without requiring individual order books.
• This system aims to solve the liquidity challenge for newly tokenized assets, enabling them to gain traction before potentially graduating to dedicated order book markets.
• The xStocks market, backed by Payward, has seen significant volume, and this new trading mechanism is expected to further expand the secondary market liquidity for tokenized stocks.

Topics: Asset types, Infrastructure providers, Scalability, Alternative assets, Tokenization platforms, Market depth liquidity

Tags: #silhouette #hyperliquid #xstocks #tokenizedequities #requestforquote #blocktrading #marketmakers #liquidity #payward #onchainsettlement

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Lazarus moves $30M through Hyperliquid as US talks advance

Lazarus-linked wallets sold over $30M in Bitcoin on Hyperliquid as Payward explored regulated access to its perpetuals for U.S. traders.

• Wallets linked to North Korea's Lazarus Group have sold over $30 million in Bitcoin on the Hyperliquid platform, converting it to Ethereum and Solana before sending it to centralized exchanges.
• This activity raises U.S. sanctions concerns, as Lazarus is a sanctioned entity, and trading on decentralized venues like Hyperliquid can complicate enforcement.
• Concurrently, Payward (Kraken's parent company) is in discussions to offer regulated access to Hyperliquid's perpetuals for U.S. traders through its CFTC-regulated derivatives business, Bitnomial.

Topics: Jurisdictions, Blockchain usage, Institutional adoption, Regulatory sandboxes pilots, Non evm chains, Banking depository pilots

Tags: #lazarusgroup #hyperliquid #bitcoin #payward #ussanctions #regulatedaccess #perpetuals #kraken #defi #blockchainanalysis

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Kraken Parent Payward to Grant Voting Rights to xStocks Token Holders

Payward, the parent company of U.S. cryptocurrency exchange Kraken, is moving to grant voting rights to holders of tokenized stocks on its xStocks platform, according to a report from

• Kraken's parent company, Payward, plans to grant voting rights to holders of tokenized stocks on its xStocks platform, a move facilitated by a partnership with Broadridge.
• This development addresses a key limitation of tokenized securities by aligning them more closely with traditional equity ownership, potentially increasing their appeal to investors.
• The initiative is seen as a significant step in the maturation of the tokenized asset class and a proactive move towards global market expansion and regulatory compliance.

Topics: Asset types, Institutional adoption, Legal regulatory, Equity, Asset manager initiatives, Securities law classification

Tags: #kraken #payward #xstocks #tokenizedstocks #votingrights #broadridge #corporategovernance #shareholdercommunication #tokenizedsecurities #regulatorycompliance

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Kraken Parent Company Makes Moves to Offer xStocks From Global Markets

Payward and fintech GTN are teaming up to bring xStocks—blockchain-based copies of real company shares—to Hong Kong, the UK, Europe, and South Korea.

• Kraken's parent company, Payward, is partnering with GTN to expand its tokenized stock offering (xStocks) beyond U.S. equities to global markets including Hong Kong, the UK, Europe, and South Korea.
• This expansion aims to overcome traditional market fragmentation by providing a unified infrastructure for trading tokenized assets across multiple jurisdictions.
• The move signifies a significant step in the growth of tokenized equities, with plans to tokenize various asset classes and reach over 90 markets through GTN's infrastructure.

Topics: Asset types, Jurisdictions, Infrastructure providers, Alternative assets, Established hubs, Emerging hubs, Tokenization platforms

Tags: #xstocks #tokenizedequities #kraken #payward #gtn #globalmarkets #hongkong #uk #europe #southkorea

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Aave founder Stani Kulechov says AAVE isn't for sale 'at a 70% discount' following report of Payward bid

The Aave Will Win proposal redirected 100% of protocol and Aave-branded product revenue to the DAO and AAVE token holders.

• Aave founder Stani Kulechov denied reports of a potential 15% stake acquisition by Kraken's Payward at a significantly discounted valuation, stating Aave would not sell at a 70% discount.
• Kulechov clarified that while Aave Labs might sell some of its AAVE token allocation, protocol revenue is directed to the Aave DAO, and Aavenomics 3.0 with a buyback mechanism is under development.
• The denial comes after a period of Aave's TVL decline and a recent update to its risk framework, following a governance proposal that redirected all protocol revenue to the DAO.

Topics: Institutional adoption, Scalability, Legal regulatory, Asset manager initiatives, Growth metrics, Securities law classification

Tags: #aave #stanikulechov #kraken #payward #aavelabs #aavedao #aavenomics30 #tokensale #revenueredirection #tvl

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