BREAKING: Kraken becomes the first crypto-native firm to secure a Federal Reserve master account. What this means: Kraken Financial can now • Access the Fed’s payment system directly • Hold reserves at the Fed • Settle transactions in central bank money What it cannot do: • Lend money • Use the Fed’s emergency lending facilities • Operate as a full commercial bank This is a historic shift. For years, crypto firms were shut out of the U.S. banking core. Now the Fed is piloting a limited “skinny” master account; and Kraken is the first to receive one. Crypto just moved one step closer to the heart of the U.S. financial system.(Crypto India)