
Fintech—Charitarth Sindhu—August 1, 2026
Payward Magic Labs terms landed on July 27, when the Kraken parent agreed to acquire the wallet-as-a-service business of Magic Labs, a non-custodial infrastructure provider that has powered more than 60 million wallets and over $10 billion in stablecoin volume for above 200,000 developers. Terms were not disclosed. The deal is structured as an asset










