Payward Plunks Billions into Becoming Financial Infrastructure Powerhouse

Kraken's parent company Payward is expanding its ambitions to become more than just a cryptocurrency exchange. According to the firm, it wants to establish itself as a financial infrastructure provider.

The company has reportedly bet billions of dollars on this vision, although no exact figure was provided in the source.

This move comes as part of Bullish's (NYSE:BLSH) efforts to provide market infrastructure and information services for digital assets. CoinDesk is a subsidiary of Bullish, which owns and invests in various digital asset businesses and assets.