Kraken announces confidential filing of draft registration statement for initial public offering plan

Cheyenne, Wyo. (November 19, 2025) – Payward, Inc. (dba “Kraken”) announced that it has confidentially filed a draft registration statement on Form S-1 with the Securities and Exchange Commission (“SEC”) in connection with its proposed initial public offering of common stock. The number of shares to be offered and the range for the offering price have not yet been determined. The initial public offering is expected to occur following completion of the SEC’s review process, subject to market and other conditions.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities. Any offer, solicitation, offer to buy, or sale of securities will be made pursuant to the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). This announcement is issued pursuant to Rule 135 under the Securities Act.

About Kraken

Founded in 2011, Kraken is one of the oldest and globally secure crypto platforms in the world. Kraken’s clients trade over 450 digital assets, US futures, traditional assets such as US-listed stocks and ETFs, and fiat currencies. Kraken is one of the fastest, most liquid and high performing trading platforms available.

Kraken’s suite of products and services includes the Kraken App, Kraken Pro, Krak App, Kraken Institutional, Kraken Onchain, and Ninja Trader retail trading platforms. Through these services, customers can buy, sell, stake, earn rewards, send and receive assets, custody holdings, and access advanced trading, derivatives, and portfolio management tools.

Kraken is setting industry standards for transparency and customer trust, and was the first crypto platform to implement Proof of Reserve. We proactively protect our clients’ privacy and maintain the highest security standards while complying with regulations and laws that apply to our business.

lauren post
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Colleen Shea
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