Kraken Parent Payward Bets Billions on Broader Financial Infrastructure

Payward, the company behind crypto exchange Kraken, is betting billions on a broader role in financial infrastructure, CoinDesk reported.

The push signals ambitions beyond operating a crypto trading venue, with Payward seeking to position itself as a provider of infrastructure for financial services.

The supplied report did not specify how the spending would be allocated, which services would be developed or when the expansion would take place.