Kraken parent Payward seeks fresh funding at $20 billion valuation ahead of planned IPO

Payward, the parent company of cryptocurrency exchange Kraken, is seeking new funding at a valuation of $20 billion as it prepares for an initial public offering (IPO). The company aims to raise capital to bolster its operations and expand its market presence. This funding round comes amid a growing interest in cryptocurrency investments and a competitive landscape in the digital asset space. Payward's IPO plans signal its confidence in the long-term potential of the crypto market.

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