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Kraken Becomes First Digital Asset Bank to Receive a Federal Reserve Master Account
Payward, a unified financial infrastructure platform powering Kraken, today announced that Kraken Financial, its Wyoming-chartered bank, has been granted a Federal Reserve master account. The approval makes Kraken Financial the first digital asset bank in U.S. history to gain direct access to the Federal Reserve’s payment infrastructure. The decision marks a major milestone and underscores years of sustained regulatory engagement, operational rigor, and close coordination with U.S. and Wyoming supervisors. It further strengthens Payward’s unified infrastructure model by integrating Federal Reserve connectivity ... (full story)
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