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Payward acquires Magic Lab's wallet infrastructure business

August 2026

Client(s) Payward, Inc.

Jones Day advised Payward, the unified financial infrastructure platform behind a family of products including Kraken, in the acquisition of the wallet-as-a-service business of Magic Labs, a non-custodial wallet infrastructure provider that has powered more than 60 million wallets and over $10 billion in stablecoin volume for more than 200,000 developers.

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