Kraken Parent Company Seeks Federal Crypto Bank Status Amid Rising Institutional Interest

Kraken's parent company Payward has taken a significant step towards becoming a federally regulated crypto bank by applying for a national trust charter with the Office of the Comptroller of the Currency (OCC). This move is part of a growing trend among cryptocurrency exchanges to establish themselves as full-fledged financial institutions, paving the way for increased institutional investment and regulatory clarity.

Pepeto, a relatively new project, is one of the tokens positioned to benefit from this shift. With its innovative swap engine and risk assessment tools, Pepeto aims to provide retail traders with the same level of sophistication as institutional investors. The project has already raised $9.2 million at presale and is preparing for its listing on Binance.