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Payward explores becoming a full-service bank outside the United States, expanding into asset management and financial services

2026-08-20 23:59

Odaily News: Payward co-CEO Dave Ripley said at the Wyoming Blockchain Symposium that trading, banking, and asset management are the three key areas of focus for the company. Banking services include payments, lending, yield, and custody, all four of which Payward already possesses. Payward's subsidiary, Kraken Financial, has obtained a Special Purpose Depository Institution (SPDI) license in Wyoming and, earlier this year, received a streamlined master account from the Federal Reserve, granting access to certain central bank payment systems.