Access to the Federal Reserve’s payment system has long been a dream for cryptocurrency firms, including Custodia Bank, which has sued the central bank in pursuit of access.
The Wyoming-based crypto bank can petition the Supreme Court. Or it could reapply to the Fed through a channel that didn’t ...
The approval lets Kraken speed up deposits and withdrawals for large traders and institutional clients, but is limited.
Kraken Financial's receipt of a limited Federal Reserve master account is leading some industry observers to question whether ...
The banking branch of the crypto exchange, set to IPO soon, will no longer need to rely on intermediary banks.
Setting aside the benefits that will accrue directly to Kraken as this access become operationalized, it is worth pointing out that 1) other digital asset firms now have a roadmap in order to pursue ...
Just days after the Federal Reserve granted a limited master account to Kraken, crypto bank Custodia's years-long court battle with the Fed concludes in a loss.
Custodia Bank's Federal Reserve master account appeal rejected 7-3 by federal court, while Kraken becomes first crypto firm with limited Fed access.
(Reuters) -Crypto giant Ripple supports the idea of a "skinny" Federal Reserve payments account for non-banks, which could still be a game changer while addressing banks' concerns over financial ...
On October 21, 2025, Governor Christopher J. Waller of the Board of Governors of the Federal Reserve System (the “Federal Reserve”) delivered opening remarks at the inaugural Payments Innovation ...
Traditional banks warn the Fed's decision to grant Kraken a limited-purpose master account introduces systemic risks before final rules are even in place.