Kraken parent company applies for OCC charter in move toward banking

8 May, 20:47
Source: Cointelegraph

AI Summary

Kraken's parent company Payward applies for an OCC banking charter, following similar approvals for Coinbase, Ripple Labs, and other crypto firms, signaling regulatory progress for crypto-native banking services.

Kraken parent company applies for OCC charter in move toward banking

The US banking regulator has already approved similar charter applications for Coinbase, Ripple Labs, BitGo, Circle, Fidelity Digital Assets and Paxos.