Topic

Payward

2 essays

Tuesday — May 19, 2026

Tokenization

Payward Bets Tokenization and AI Replace Headcount, Not Revenue

Four acquisitions, one layoff round, and a delayed IPO reveal a deliberate bet on becoming the infrastructure layer for tokenized capital markets.

Friday — May 15, 2026

Capital Markets

Payward Cuts 150 Jobs, Signaling Kraken IPO Is Imminent

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Payward's 150-person layoff is a pre-IPO preparation signal, and the valuation Kraken earns will serve as the clearest benchmark for crypto infrastructure since Coinbase's 2021 listing.