{
  "id": 10307914,
  "title": "Payward Looks to Build Financial Infrastructure Beyond Kraken Exchange",
  "url": "https://urgent.news/2026/09/27/payward-looks-to-build-financial-infrastructure-beyond-kraken-exchange",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-27T22:57:14.000Z",
  "source": {
    "name": "PYMNTS",
    "slug": "pymnts",
    "url": "https://www.pymnts.com/cryptocurrency/2026/payward-looks-to-build-financial-infrastructure-beyond-kraken-exchange/"
  },
  "original_language": "en",
  "account": "Kraken's parent company, Payward, is betting on a multibillion-dollar future by transforming into a comprehensive financial platform. Payward's co-CEO, Arjun Sethi, told CoinDesk that the company is not a holding firm, but rather a unified entity with one balance sheet and regulatory framework. The company's strategy revolves around a single ledger that allows seamless movement of money and assets across its various products, eliminating the need for intermediaries common in traditional finance. Notably, Payward aims to construct infrastructure capable of supporting multiple brands, catering to diverse customer segments and partner channels. This approach differs from competitors like Coinbase and Binance, which seek to integrate crypto, stocks, derivatives, and prediction markets within a single Kraken-branded platform. Instead, Payward is focused on building regulated infrastructure that can power financial products across various brands, customer segments, and partner channels, effectively defining the next evolution beyond the \"Everything Exchange.\" The company's strategic moves include significant acquisitions and expanded banking capabilities in the U.S. and Europe. Despite the potential for corporate adoption of stablecoins, many businesses remain hesitant. According to PYMNTS, only 13% of middle-market companies currently use stablecoins, with just 5% employing other forms of cryptocurrency.",
  "summary": "Kraken’s parent company is making a multibillion-dollar bet on its future as a financial infrastructure provider. That’s according to a report Sunday (Sept. 27) by CoinDesk, citing an interview with Arjun Sethi, co-CEO of Kraken parent Payward. The report noted that Payward has spent heavily on acquisitions that expanded its footprint in the futures and […] The post Payward Looks to Build…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}