Payward Applies for OCC Trust Charter to Expand Kraken’s Regulated Crypto Custody Business Payward, the parent company of Kraken, has applied for a national trust company charter with the OCC to establish Payward National Trust Company (PNTC), a federally regulated entity…
cused on digital asset custody services for institutional clients. The application builds on Kraken Financial’s Wyoming SPDI bank charter, granted in 2020, and its subsequent access to a Federal Reserve master account, further expanding Kraken’s regulated custody infrastructure in the U.S. — link