Kraken’s Parent Company Payward Wants to Become a Full Bank Outside the U.S.

TLDR

• Payward, Kraken’s parent company, is exploring full banking licenses in jurisdictions outside the U.S.
• Co-CEO Dave Ripley named trading, banking, and asset management as the firm’s three key focus areas.
• Kraken already operates Kraken Financial, a Wyoming-chartered Special Purpose Depository Institution.
• Kraken Financial received a Federal Reserve master account earlier this year, the first for a crypto company.
• Chief Commercial Officer Mark Greenberg said the company could one day offer mortgages to customers.

Payward, the parent company of crypto exchange Kraken, is looking at obtaining full banking licenses in markets outside the United States. Co-CEO Dave Ripley made the announcement at the Wyoming Blockchain Symposium 2026.

Payward Applies for OCC Trust Charter to Expand Kraken’s Regulated Crypto Custody Business

Payward, 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… pic.twitter.com/ObmhoihoAP

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