Kraken parent goes for the OCC charter in big 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. 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.(Coindesk)