Kraken parent goes for the OCC charter in big to become a federal crypto bank
Key takeaways
- Payward, the parent company of crypto exchange Kraken, has applied for a national trust company charter with the U.S.
- If approved, the charter would establish Payward National Trust Company (PNTC), a federally regulated entity focused on fiduciary custody and related services for digital assets.
- The filing marks Payward’s latest effort to expand its U.S.
Compartilhar Compartilhe este artigo Copiar link X icon X (Twitter)Linked In Facebook Email 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.Por Will Canny|Editado por Jamie Crawley Atualizado 8 de mai. de 2026, 5:04 p.m. Publicado 8 de mai. de 2026, 5:00 p.m. 2 min read Traduzido por IAMake preferred on Payward and Kraken co-CEO Arjun Sethi. (CoinDesk)What to know: 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 Comptroller of the Currency (OCC), according to a Friday announcement shared with CoinDesk, as the company looks to expand its regulated digital-asset custody business.
If approved, the charter would establish Payward National Trust Company (PNTC), a federally regulated entity focused on fiduciary custody and related services for digital assets. Kraken said the trust would primarily serve institutions and customers seeking bank-level custody protections under OCC oversight.