Kraken Parent Goes for the OCC Charter in Bid to Become a Federal Crypto Bank

Kraken parent goes for the OCC charter in bid to become a federal crypto bank

Payward’s application would add a federally regulated trust company to the Kraken group’s existing Wyoming bank charter and Fed master account.

Kraken Parent Company Payward Applies for US National Trust Bank Charter

Key Insights Payward, Kraken’s parent company, has filed an application for a US national trust bank charter. The firm plans to offer federally regulated custody services as it continues to expand its regulated infrastructure. OCC’s response to crypto firms’ application for a national trust bank charter has been mostly positive. Payward has applied for a national trust charter with the US Office of the Comptroller of the Currency (OCC). The fir…

Kraken Parent Payward Pushes for US Crypto Bank Charter

Kraken parent Payward seeks a US trust bank charter to expand regulated crypto custody services. Payward deepens its Wall Street push through Reap and Bitnomial acquisitions tied to crypto finance. Kraken aims to bridge traditional banking and blockchain through federally regulated infrastructure. Kraken’s parent company, Payward, has applied for a national trust bank charter in the United States as crypto firms push deeper into regulated financ…

Kraken Parent Payward Seeks U.S. Bank Charter for Crypto Custody

Summary: Payward applies for OCC national trust charter to expand custody services. Move targets institutional investors requiring qualified custodians. Part […] The post Kraken Parent Payward Seeks U.S. Bank Charter for Crypto Custody appeared first on CoinsPress.

Kraken’s Parent Files For OCC National Trust Charter—Hinting At A Ripple, Coinbase Play

Payward, the parent company of cryptocurrency exchange Kraken, disclosed on Friday that it has filed an application with the Office of the Comptroller of the Currency (OCC) seeking approval for a National Trust Company charter.  A national trust company charter would allow Payward to set up a federally regulated custody business under OCC oversight. The company said the purpose is to broaden access for institutional clients that require a federa…

Kraken Parent Payward Boldly Seeks 2026 Federal Bank Charter

Payward is the holding company for Kraken. It has applied for a federal bank charter, which potentially represents a significant step in the direction of integrating digital asset services within the regulated banking system in the U.S. This paper also discusses some of the requirements to be officially recognized as a trusted custodian for Bitcoin […]