Kraken Parent Payward Reports $507M Q1 Revenue Amid Tokenization Push

Payward, the parent company of crypto exchange Kraken, reported $507 million in adjusted first-quarter revenue as it expanded its presence in tokenized equities, regulated US derivatives and stablecoin payments through acquisitions and new products.

The company said futures trading activity rose 51% year-over-year, while assets on platform increased 11% to $40 billion and funded accounts grew 47%…