Wu Blockchain (@WuBlockchain): Payward Applies for OCC Trust Charter to Expand Kraken’s Regulated Crypto Custody Business

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 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 Kraken’s regulated custody infrastructure in the U.S.