Kraken Fed Access, MARA Bitcoin Strategy, NYSE Tokenization Push

This week saw significant developments in the intersection of cryptocurrency and traditional finance. Kraken became the first crypto-native company to secure direct access to the US Federal Reserve’s payment rails via a limited-purpose master account, potentially streamlining dollar transactions and reducing reliance on intermediary banks. Bitcoin miner MARA Holdings clarified that recent filings regarding potential Bitcoin sales were intended to provide treasury flexibility, not signal an imminent liquidation of its holdings. Additionally, Fold eliminated $66 million in convertible debt, strengthening its balance sheet ahead of a new Bitcoin-rewards credit card launch. TD Securities suggests that the New York Stock Exchange’s proposed tokenization framework could attract greater institutional investment into blockchain-based markets by enabling 24-hour trading and near-instant settlement.

(Source：Cointelegraph)