Kraken’s parent Payward is betting billions on becoming financial infrastructure, not just a crypto exchange
Kraken parent Payward is unifying trading, payments, asset management and institutional services on common rails, co-CEO Arjun Sethi said.
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Summary
- Payward is unifying trading, banking, asset management and institutional services on a common infrastructure stack.
- The Kraken parent builds products internally, acquires capabilities that would take too long to develop and partners with established institutions.
- Sethi said Payward is profitable and in no rush to pursue an IPO as it expands its platform.
