X @Wu Blockchain

Payward Applies for OCC Trust Charter to Expand Kraken’s Regulated Crypto Custody BusinessPayward, the parent company of Kraken, has applied for a national trust company charter with the OCC to establish Payward National Trust Company (PNTC), a federally regulated entity focused on digital asset custody services for institutional clients. The application builds on Kraken Financial’s Wyoming SPDI bank charter, granted in 2020, and its subsequent access to a Federal Reserve master account, further expanding K ...