Kraken’s parent company, Payward, applies to the OCC for a national trust company charter, advancing its “multi-license” federal regulatory strategy
According to CoinDesk, Payward, Kraken’s parent company, announced on May 9 that it has submitted an application to the U.S. Office of the Comptroller of the Currency (OCC) for a national trust company charter. If approved, Payward National Trust Company (PNTC) will be established to provide federally regulated digital asset custody and fiduciary services to institutional and individual clients.
