Kraken’s parent company, Payward, has submitted an application to the U.S. Office of the Comptroller of the Currency (OCC) for a national trust company charter. The move would establish Payward National Trust Company (PNTC) as a federally regulated entity focused on digital asset custody services.

If granted approval, PNTC is expected to serve mainly institutional clients, offering compliant crypto custody solutions backed by Payward’s existing risk management and compliance infrastructure while operating within a full U.S. federal regulatory framework.

Stay tuned for more crypto updates and market insights!