Kraken's Parent Company Files for OCC National Trust Charter, Signaling Regulatory Expansion
Kraken's Parent Company Files for OCC National Trust Charter, Signaling Regulatory Expansion
Payward, the parent company of the Kraken cryptocurrency exchange, has formally applied to the Office of the Comptroller of the Currency (OCC) for a National Trust Company charter. This strategic move indicates Payward's ambition to establish a federally regulated custody business under OCC oversight, positioning Kraken to offer more robust, compliant services within the crypto ecosystem. The initiative is seen by some as a play similar to regulatory strategies adopted by other major industry players.
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 […]