---
title: "Payward, parent company of Kraken, reports $507M revenue in Q1 from expanded tokenization efforts."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286880394.md"
description: "Parent company Payward, which owns Kraken, reported a revenue of $507 million in the first quarter. This growth was fueled by the expansion of tokenized equities, derivatives, and stablecoin payment services."
datetime: "2026-05-19T08:27:08.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286880394.md)
  - [en](https://longbridge.com/en/news/286880394.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286880394.md)
---

# Payward, parent company of Kraken, reports $507M revenue in Q1 from expanded tokenization efforts.

Parent company Payward, which owns Kraken, reported a revenue of $507 million in the first quarter. This growth was fueled by the expansion of tokenized equities, derivatives, and stablecoin payment services.

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## Related News & Research

- [Kraken parent, Franklin Templeton to develop onchain investment products](https://longbridge.com/en/news/286115799.md)
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