Kraken Secures Historic Direct Access to Federal Reserve's Payment System

On March 4, 2026, the Federal Reserve Bank of Kansas City granted Kraken Financial a landmark first: direct access to its core payments system via a master account.

This approval is significant not only for Kraken but also for the broader crypto industry, as it signals a shift in regulatory attitudes toward digital assets. Historically, Federal Reserve master accounts have been the exclusive domain of federally supervised depository institutions.