Kraken's Parent Company Applies for U.S. National Trust Charter, Expanding into Regulated Custody Services
2026-05-08 22:14
Odaily reports that Payward, the parent company of Kraken, has applied to the OCC for a national trust charter, planning to establish Payward National Trust Company (PNTC).
The entity will offer regulated, bank-grade digital asset custody and trust services to both institutional and individual clients.
Previously, Coinbase and Ripple have each received conditional approval for similar charters, indicating that crypto institutions are accelerating their alignment with the compliant financial system.
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