Kraken Parent Company Payward Invests Billions to Build Unified Financial Infrastructure

Kraken parent company Payward has invested billions over the past two years to expand into futures, derivatives, tokenized stocks, and banking. Co-CEO Arjun Sethi stated the company aims to integrate trading, payments, and asset management into a single infrastructure. Payward has acquired firms like NinjaTrader and Bitnomial to bolster its U.S. derivatives capabilities and plans to acquire a European bank. Its B2B division, Payward Services, currently supports at least 25 clients, including Hyperliquid. The company reported adjusted revenue of $508 million for the second quarter of 2026, a 17% year-over-year increase.