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FintechPYMNTS · 88d ago

What Payward’s Reap Purchase Says About B2B Stablecoin Cards

Payward, Kraken's parent company, acquired Reap for up to $600 million on July 1. The purchase reflects consolidation in the stablecoin card market as firms compete in a winner-take-most landscape.

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Tokenized deposits have been confirmed as legally equivalent to traditional deposits under Canadian banking law. The Office of the Superintendent of Financial Institutions made this determination on September 10, 2026, clarifying that digital ledger recording does not change a deposit's legal status.

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Perpetual futures contracts for gold and silver launched Thursday on Kalshi's platform following CFTC approval. These contracts represent the prediction-market operator's first perpetual futures offering outside of digital assets.

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