Payward applies for a national trust license in the United States to layout compliant custody business

Payward (the parent company of Kraken) has applied to the OCC for a national trust company license, planning to establish Payward National Trust Company (PNTC). This entity will provide regulated, bank-like digital asset custody and trust services to institutional and individual clients.

Previously, Coinbase and Ripple have received conditional approvals for similar licenses, indicating that crypto institutions are accelerating their alignment with the compliant financial system.