Kraken receives US banking license for digital assets

posted 4 months ago
The US state of Wyoming approved Kraken’s banking application to form the world’s first Special Purpose Depository Institution (SPDI),  Kraken Financial.

Headquartered in Cheyenne, Wyoming, Kraken Financial is the first digital asset company in US history to receive a federal and state bank charter, and will be the first regulated, US bank to provide comprehensive deposit-taking, custody and fiduciary services for digital assets. From paying bills and receiving salaries in cryptocurrency to incorporating digital assets into investment and trading portfolios, Kraken Financial will enable Kraken clients in the US to bank seamlessly between digital assets and national currencies.
Tags: bitcoin, blockchain, news