Kraken parent Payward acquires Magic Labs’ embedded wallet business
Covered by 9 sources · 9 articles
9 outlets - including Nftplazas, Crypto-economy and Cryptopolitan and 6 more - are covering this story. Payward, the parent company of cryptocurrency exchange Kraken, has agreed to acquire the wallet-as-a-service business of Magic Labs, adding embedded non-custodial wallet technology used by more than 60 million users The post Kraken Parent P…
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Kraken Parent Payward Acquires Magic Labs Wallet Business Powering 60 Million Users
Payward, the parent company of cryptocurrency exchange Kraken, has agreed to acquire the wallet-as-a-service business of Magic Labs, adding embedded non-custodial wallet technology used by more than 60 million users The post Kraken Parent P…
Kraken Parent Payward Expands Web3 Push With Acquisition of Magic Labs’ Wallet Business
TL;DR: Payward agrees to acquire Magic Labs’ embedded wallet business through an asset sale deal. Magic Labs has accumulated over 60 million created wallets and support for 200,000 developers since its founding in 2018. The selling firm res…
Magic Labs has sold its wallet business to Payward
Magic Labs has agreed to sell its embedded wallet business to Kraken’s parent company, Payward. The deal will be closed in the coming weeks, subject to customary closing conditions. No figure was mentioned; however, Magic Labs’ CEO Sean Li…
Kraken Parent Payward Acquires Magic Wallet, Adding Technology Behind 60M Wallets
Payward has agreed to acquire Magic Labs’ wallet-as-a-service business, adding embedded, non-custodial wallets to the infrastructure platform behind Kraken. The deal brings technology used to create more than 60 million wallets into Payward…
Kraken Parent Acquires Magic Labs’ Embedded Wallet Business in Latest Crypto Consolidation Move
Kraken parent Payward acquired Magic Labs’ embedded wallet unit as the wallet infrastructure space undergoes a wave of consolidation and strategic pivots.
Kraken parent Payward acquires Magic Labs’ wallet business
The deal brings wallet technology to Payward’s enterprise platform, potentially reducing the number of infrastructure providers businesses need to integrate with.
Payward acquires Magic Labs’ embedded wallet business as Kraken parent’s M&A spree accelerates
Payward's aggressive acquisitions could reshape crypto infrastructure, enhancing vertical integration and potentially driving market consolidation. The post Payward acquires Magic Labs’ embedded wallet business as Kraken parent’s M&A spree…
Kraken's parent company acquired Magic Labs' embedded wallet business; Magic Labs was renamed Newton Labs, focusing on...
Kraken's parent company acquired Magic Labs' embedded wallet business; Magic Labs was renamed Newton Labs, focusing on...
Kraken parent Payward acquires Magic Labs’ embedded wallet business
Magic Labs is selling its wallet business to Payward and rebranding as Newton Labs to focus on onchain finance infrastructure.