Kraken owner applies for OCC national trust charter after $600 deal
Crypto Briefing
Payward, the parent company of Kraken, is seeking a national trust charter from the OCC to expand its federally regulated digital asset services.Summary
Payward, the parent company of Kraken, has applied for a national trust company charter from the Office of the Comptroller of the Currency (OCC) to establish the Payward National Trust Company (PNTC). This strategic move follows the company's recent $600 million acquisition of Reap Technologies and aims to complement its existing Wyoming-based Kraken Financial operations with a federal regulatory framework. Backed by strong 2025 financial performance, including $2.2 billion in revenue, the company seeks this charter as part of its ongoing preparation for a potential initial public offering.
(Source：Crypto Briefing)