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Magic Labs Sells Wallet Business to Kraken Parent Payward

Magic Labs, the company behind the embedded wallet infrastructure used by apps including Polymarket and WalletConnect, sold its wallet business to Payward, the parent company of Kraken, and is rebranding itself as Newton...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Magic Labs Sells Wallet Business to Kraken Parent Payward
Magic Labs, the company behind the embedded wallet infrastructure used by apps including Polymarket and WalletConnect, sold its wallet business to Payward, the parent company of Kraken, and is rebranding itself as Newton Labs. Co-founder and CEO Sean Li announced the two decisions Monday in a post... Read the full story at The Defiant

Why this matters

Kraken is a tracked market entity in the DigitalMoneyBox archive, making this useful context for readers monitoring repeated mentions and follow-up coverage.

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