Singapore law firm Drew & Napier advised digital asset and financial infrastructure platform Payward on its USD600 million acquisition of Hong Kong-based fintech company Reap Technologies Holdings.
The firm advised Payward, providing guidance on APAC regulatory aspects of the transaction, which involved a mix of cash and Payward stock for 100% ownership.
Corporate and finance director Grace Chong, who also heads the financial services regulation practice, led the team, while director of corporate and M&A Benjamin Gaw advised on employment law matters. Senior associates Theodore Tay and Bryan Ong, as well as associates Leanne Chee, Irving Wong and Hui Min Goh supported Chong.
The acquisition follows Payward’s earlier purchases of NinjaTrader, Backed and Bitnomial in March 2025, December 2025 and April 2026, respectively.
Acquiring Reap provides Payward with access to regulated payment infrastructure in high-growth markets and is intended to expand its B2B platform by enabling globally regulated capabilities for card issuance and stablecoin payments. It will integrate card networks, traditional financial rails and stablecoin-native settlement into a single API-driven infrastructure.
The transaction is expected to be completed in the second half of 2026, subject to customary closing conditions and regulatory approvals.
