companiesPaywardTue, Jul 28, 2026, 5:23 AMNeutral

Payward Acquires Magic Labs' Wallet Business to Enhance Cryptocurrency Infrastructure

Payward, the parent company of Kraken, has acquired the wallet business of Magic Labs, which supports 60 million wallets. This strategic acquisition aims to enhance Payward's B2B platform by integrating advanced wallet technology, streamlining infrastructure for cryptocurrency businesses and potentially reducing the number of providers they need to engage with.

Product intelligence

Explore the WPN directory

Discover products, startups, and technologies across AI, media, finance, software, and more.

Explore products