Payward, parent of crypto exchange Kraken, has put its IPO plans on hold
By Helene Braun
Published on March 18, 2026.
Crypto exchange Kraken, the parent company of Payward, has put its IPO plans on hold due to market conditions. The company is still considering an initial public offering, but probably not until market conditions improve. The downturn in crypto markets since October has made companies more cautious about going public or raising fresh capital. Payward had filed a draft S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) on Nov. 19, a day after Kraken announced it was valued at $20 billion, after raising $800 million in new funding. However, unlike Kraken, Securitize, a tokenization firm that works closely with BlackRock (BLK), plans to IPO as soon as it receives SEC's green light.
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