Kraken parent Payward explores crypto and payments partnership with BNY
Kraken parent Payward has entered talks with BNY over a potential partnership covering six areas, including crypto custody, trading and payments, according to two people familiar with the discussions. SummaryBNY and Payward are discussing crypto products, custody, wealth management, trading, payments and infrastructure.The talks remain ongoing, with no guarantee that the companies will reach an agreement.Nasdaq Ventures agreed in September to invest $100 million in Payward at a reported $21 billion valuation.Payward has completed acquisitions adding regulated U.S. derivatives and stablecoin payment services to its operations. Two people familiar with the matter said the proposed arrangement could involve services supplied through Payward Services, the Wyoming-based companys platform for banks, exchanges and asset managers. One of the people said parts of the discussions resemble the infrastructure work included in Paywards recent Nasdaq agreement. Speaking anonymously because the negotiations are private, the person described a possible agreement that remains under discussion. Payward and BNY discuss custody, payments and trading Alongside crypto products and custody, the people identified wealth management, trading, payments and financial infrastructure as possible areas of cooperation. Their account describes a potential relationship across several business lines rather than a single crypto product. Through its business-to-business platform, Payward offers financial companies access to services that also









