Cryptocurrency8 May 2026SEO 801 min read

Analysis: 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. Payward filed f…

Payward’s application would add a federally regulated trust company to the Kraken group’s existing Wyoming bank charter and Fed master account. Payward filed for a national trust company charter with the OCC. The proposed entity would offer federally regulated crypto custody services. The move builds on Kraken Financial’s Wyoming SPDI charter and Fed access. Payward, the parent company of crypto exchange Kraken, has applied for a national trust company charter with the U.S. Office of the Comptr…

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