Payward Explores Banking Services Outside the U.S. as Kraken Parent Expands Beyond Crypto Trading
TL;DR
- Global Banking Push: Payward is exploring full banking services outside the U.S. to expand beyond crypto trading.
- Regulatory Milestones: Kraken Financial gained a limited‑purpose Federal Reserve master account but still lacks fiat lending and FDIC insurance.
- Future Services: Company executives say broader licensing could enable offerings like mortgages and wider access to financial products.
Payward is evaluating how to broaden its financial footprint by exploring banking services outside the U.S., signaling a strategic shift that goes beyond its core crypto trading business. The company’s leadership says the move aligns with its push into asset management and other financial infrastructure offerings that could deepen its global reach.
Growing Ambitions in Global Banking
Speaking at the Wyoming Blockchain Symposium 2026, co‑CEO Dave Ripley said Payward is actively assessing where it could operate as a full bank, though the U.S. is not the first target. He noted that the company is focusing on three major product areas: trading, banking and asset management. Ripley described banking as a combination of payments, lending, yield and custody, adding that Payward already performs all four functions in various forms.
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