Kraken parent company applies for OCC charter, plans to become a federally regulated crypto bank

Techub News, citing Cointelegraph, reports that Payward, the parent company of crypto exchange Kraken, has applied for a federal banking charter with the Office of the Comptroller of the Currency (OCC), aiming to become a federally regulated cryptocurrency bank. Founded in 2011, Kraken is one of the earliest cryptocurrency exchanges globally and is headquartered in San Francisco, USA. If the application is approved, Payward will obtain a federal bank charter, allowing it to offer regulated banking services nationwide, further bridging the compliance pathway between traditional financial infrastructure and digital assets.