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Jul 27, 2026

Kraken parent company Payward acquires Magic Labs' embedded wallet business as firm rebrands to Newton Labs

Payward, the parent company of cryptocurrency exchange Kraken, has acquired the embedded wallet business from Magic Labs, which is simultaneously undergoing a restructuring and rebranding to Newton Labs.

Jul 27, 2026·1 source
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Top claims

  • ▪VaultKit is Newton Labs' first product built on the Newton Protocol.
  • ▪Payward, the parent company of cryptocurrency exchange Kraken, agreed to acquire Magic Labs' embedded wallet business in an asset sale.
  • ▪Magic Labs has created more than 60 million wallets since its founding in 2018 and supports over 200,000 developers.

Topics

CryptoCrypto exchanges

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