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BNY explores digital asset partnership with Kraken parent Payward
BNY is in discussions with Payward, the parent company of the cryptocurrency exchange Kraken, regarding a broad potential partnership. The proposed cooperation could span several areas, including digital asset products, custody, wealth management, trading, payments, and financial infrastructure.
The discussions may involve Payward Services, the company’s business-to-business platform designed for banks, asset managers, and other financial institutions. The potential arrangement could mirror the infrastructure-focused collaboration Payward recently established with Nasdaq.
In September, Nasdaq Ventures agreed to invest $100 million in Payward at a reported $21 billion valuation to support tokenized equities and market infrastructure. Payward and Nasdaq are currently working toward a launch of Nasdaq Equity Tokens in the second quarter of 2027.
Payward has been expanding its operations beyond spot crypto trading to include derivatives, staking, and stablecoin payments through recent acquisitions such as Bitnomial, Reap, and NinjaTrader. BNY, a major global custodian, has also been increasing its focus on digital assets, including tokenized deposits and onchain settlement services.
Entities
BNY · Kraken · Nasdaq · Nasdaq Ventures · Payward
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 4 SOURCES] The potential partnership could cover crypto products, custody, wealth management, trading, payments, and infrastructure. crypto.news · www.negocios.com · www.spacemoney.com.br · cryptobriefing.com
- [○ 1 SOURCE] Payward acquired the futures platform NinjaTrader for approximately $1.5 billion in 2025. www.spacemoney.com.br
- [● 3 SOURCES] Nasdaq Ventures agreed to invest $100 million in Payward in September at a $21 billion valuation. crypto.news · www.spacemoney.com.br · cryptobriefing.com
- [○ 1 SOURCE] Payward acquired the derivatives broker Bitnomial for up to $550 million in April. www.spacemoney.com.br
- [○ 1 SOURCE] Payward has postponed its planned initial public offering (IPO) until at least the second quarter of 2027. www.spacemoney.com.br
- [○ 1 SOURCE] Payward acquired the stablecoin payment company Reap for $600 million. www.spacemoney.com.br
- [● 4 SOURCES] BNY and Payward are in discussions regarding a potential partnership. crypto.news · www.negocios.com · www.spacemoney.com.br · cryptobriefing.com
- [● 2 SOURCES] Payward and Nasdaq aim to launch Nasdaq Equity Tokens in the second quarter of 2027. www.spacemoney.com.br · cryptobriefing.com