Kraken Parent Payward Files for National Trust Charter with OCC — Crypto Exchange Pursuing Traditional Banking Credentials

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Payward, parent of crypto exchange Kraken, filed an application with the Office of the Comptroller of the Currency (OCC) for a national trust company charter. If approved, it would establish Payward National Trust Company — giving a major crypto exchange the same regulatory footing as traditional trust banks. Combined with the $600M Reap acquisition, Kraken is aggressively building a full-stack regulated financial infrastructure that bridges crypto and traditional banking.