Payward to acquire Magic Labs’ embedded wallet business to strengthen B2B crypto infrastructure

28th July, 2026

Narayani Srinivasan
Cryptocurrencies GIG

The deal strengthens the Kraken parent’s platform, adding embedded wallets to its trading, custody and derivatives services for institutional clients.

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ABN AMRO
Bank of America
CBOE
Citi
Goldman Sachs
DRW Holdings
HSBC
J.P Morgan
Marex
Morgan Stanley
SGX
SocGen
Susquehanna
MUFG Investor Services
TP ICAP

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