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Payward, Inc.
Payward, Inc. is the parent company and operating platform behind Kraken and a portfolio spanning trading, custody, payments, lending, tokenized assets, onchain finance, and benchmarks.
Cheyenne, Wyoming, United States
Funded in the last 6 months
Payward Services
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Description
Payward Services gives fintechs, banks, exchanges, asset managers, consumer technology and neobank companies, and DeFi or onchain protocols access to infrastructure powered by Kraken. Its offerings include crypto trading, fiat on/off-ramps, tokenized equities, derivatives and prediction markets, staking and yield, indices and market data, and card issuance and payments.Category: Service Provider
Reap
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Description
Reap is a Hong Kong-founded financial technology company that bridges traditional finance and digital assets through stablecoin-native infrastructure. Its products include stablecoin-enabled corporate cards, card-issuing APIs, business accounts, expense management, fiat payouts, cross-border payments, and treasury capabilities. Reap was acquired by Payward and continues to operate as a standalone brand within the Payward ecosystem.Category: Payments Infrastructure
Krak
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Description
Krak is an all-in-one consumer financial application built on crypto infrastructure. It supports debit-card spending and cashback, international money transfers, Kraktag payments, fiat and crypto asset management, USDG rewards and Krak Vaults. The official site identifies Krak as operating under Kraken and Payward, Inc.Category: Payments Infrastructure
Kraken Pro
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Description
A customizable advanced trading interface for Kraken customers, providing spot, margin and derivatives trading, staking, portfolio tracking, live market data, order books, charting, and advanced order controls. Product availability and eligibility vary by region.Category: Trading Terminal
XStocks
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Description
xStocks represents publicly traded equities and ETFs as blockchain-native tracker certificates. Tokens are fully collateralized 1:1 with underlying assets held in regulated custody, transferable and fractional, and usable across supported exchanges, self-custody wallets, and DeFi protocols. They provide economic exposure rather than direct share ownership or voting rights; dividends and splits are reflected through an onchain multiplier or rebasing mechanism.Category: RWA Tokenisation Platform
Kraken OTC
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Description
Kraken OTC enables eligible institutional and high-net-worth clients to execute large orders away from the open Kraken exchange. Clients can request executable OTC quotes through a self-service portal or work with a dedicated trade desk over secure chat; settlement may use Kraken account funds and, subject to eligibility, a bank or external wallet within 24 hours. Availability, including OTC derivatives, varies by jurisdiction.Category: Centralised Exchange
Kraken Prime
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Description
Kraken Prime provides institutions with a single platform for multi-venue digital-asset execution, smart order routing, trading analytics, regulated custody, and collateralized financing. Its current interface supports self-service execution, settlement, access controls, order management, and consolidated trading activity.Category: Trading Terminal
Bitnomial
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Description
Bitnomial, LLC is a Chicago-headquartered derivatives exchange company that owns and operates U.S. CFTC-regulated exchange, clearinghouse, and futures commission merchant subsidiaries. Founded in 2014, it launched margined, physically settled bitcoin futures in 2021 and was acquired by Payward in 2026 while continuing to operate within the Payward group.Category: Derivatives
Magna Token Management Platform
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Description
Magna Token Management Platform is a token management platform designed for protocols to automate token distribution through customizable vesting schedules, airdrops, and smart contracts. It supports multi-chain networks and provides tools for managing token allocations to investors, employees, and community members while ensuring compliance with tax and legal requirements​.Category: Token distribution tool
Kraken Exchange
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Description
Kraken Exchange operates spot cryptocurrency trading markets supporting market, limit, stop-loss, and take-profit orders for digital assets paired with fiat currencies including USD, EUR, GBP, CAD, AUD, JPY, and CHF. Users deposit funds through bank transfers, payment cards, and digital payment methods to execute trades across hundreds of cryptocurrency pairs. The platform maintains order books for price discovery and trade matching while providing portfolio tracking, staking services, and transaction history.Category: Centralised Exchange
TVL: $3.1B
Hack: CeFi Access Control ($11M)
Chains:
Breakout
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Description
Breakout offers Classic, Pro, and Turbo one-step evaluations with account sizes from $5,000 to $200,000. Traders who meet profit and loss limits are upgraded to funded status and retain 80% of profits, or 90% with an upgrade. Breakout Trading Group, LLC operates the evaluation service; funded-trader market-facing activity is conducted at Payward Oceanic Ltd.'s discretion. Breakout was acquired by Kraken and is part of the Payward product family.Category: Trading Terminal
Kraken Custody
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Description
Kraken Custody is a live institutional crypto-custody product. It provides segregated client vaults, role-based approvals, policy enforcement, MPC/HSM-based key storage and auditability. Custody is provided by Payward Financial, Inc. (doing business as Kraken Financial) or Payward Europe Solutions Limited, as applicable; the product is integrated with Kraken Prime and supports trading, financing and staking from custody.Category: Custodian