Kraken’s Parent Bets Big on Federal Trust Bank Charter

Kraken’s parent Payward applies for a federal trust bank charter to deepen regulatory integration and expand crypto banking services in the U.S.

Key takeaways

• Kraken’s Parent Company Payward Files for OCC National Trust Bank Charter
• Kraken’s parent company, Payward, has filed for a National Trust Bank charter from the U.S. Office of the Comptroller of the Currency (OCC), aiming to establish a fede...
• The application, submitted recently, marks a notable escalation in Kraken’s strategy to bridge traditional banking and crypto operations. If approved, Payward’s trust ...
• This dual approach—SPDI in Wyoming and a federal trust bank application—signals Kraken’s ambition to cover both state and federal regulatory bases. It’s a calculated m...

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