May 2026
When we started Reap in 2018, stablecoins were a punchline in most rooms. We thought they were the most important development in global payments since the card network. Today, we're announcing a milestone that reflects how far that conviction has carried us.
Reap has entered into an agreement to be acquired by Payward, the unified financial infrastructure platform behind Kraken, NinjaTrader, xStocks, and a growing family of regulated financial products. Together, we are building the infrastructure layer for a new era of global money movement.
We started in Asia. We always meant to go everywhere.
Hong Kong didn't just give us a home, it gave us a proof of concept. In a region defined by high-volume cross-border commerce and the persistent friction of legacy banking, stablecoins aren't theoretical. They're a faster, cheaper, more transparent answer to problems that real businesses face every day.
We built Reap to make that answer deployable: a stablecoin-native infrastructure stack for card issuing and cross-border payments, wiring together traditional finance rails, card networks, and digital asset settlement through a single API. In 2025, we nearly tripled revenue and volumes, expanded our regulatory footprint from Hong Kong to Singapore to Mexico. We have processed billions in stablecoin-funded transaction flows across the world.
But Asia was never the destination. It was the opening chapter.
Why Payward, and why now
We had a clear picture of what the next phase required: deep regulatory coverage across the US, Europe, and new corridors; global liquidity and custody infrastructure; and a B2B partner network at scale. Building that from scratch would take years. Payward has already built it.
Payward's infrastructure spans crypto trading, custody, tokenized assets, on/off-ramps, and derivatives, operating under EU EMI and US State MTL licensing, with nearly 2,000 B2B partners running on their platform today. For Reap, that's really the missing half of the stack our clients would ask for.
What made the decision straightforward was alignment, not just capability. When we sat down with Arjun and the Payward team, we found people who see the same world we do: finance moving toward continuous markets, programmable settlement, and stablecoins as the base layer, not a feature to be added later, but the infrastructure itself. That shared conviction is rare.
What this means for our clients
The most important thing: nothing your business depends on is changing.
Your contracts, integrations, and account team remain exactly as they are. We remain at the helm of the leadership team. Reap continues to operate as a standalone platform with the same brand, same roadmap, same commitment to the clients and partners who've built with us.
The transaction remains subject to customary regulatory approvals, expected in the second half of 2026.
What becomes possible
Our combined regulatory footprint now spans APAC, the Americas, Europe, and the US, covering corridors that were previously out of reach for Reap and markets where Payward had no payments-layer presence.
In the months ahead, clients will gain access to Payward's global liquidity, custody, and settlement infrastructure through their existing Reap relationship. And Payward Services partners will be able to add Reap's card issuing and cross-border payments capabilities to their stack without assembling a separate vendor set.
The goal we set in 2018 was never to build a fintech product. It was to build the infrastructure that makes stablecoin-native finance as accessible, regulated, and operationally reliable as traditional rails, at a global scale. With Payward, we will reach that goal faster than we ever could have independently.
A word of thanks
Eight years ago, you took a chance on us and also stablecoin-native infrastructure before it was obvious. Every client, every partner, every team member who believed in this thesis early, this moment belongs to you as much as it does to us.
We're grateful, and we're only getting started.
Daren Guo and Kevin Kang
Co-Founders
Reap
For client inquiries, please reach out to your account manager on the Customer Growth team.
