Payward Files for National Trust Bank Charter
Key Takeaways Payward (Kraken) has applied for an OCC national trust company charter to offer institutional custody. The move builds on the success of Kraken Financial, the firm’s Wyoming-chartered SPDI bank. A federal charter would establish Kraken as a “qualified custodian” for nationwide institutional clients. Payward, the team behind the Kraken exchange, is going all...
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