Kraken Pursues Federal Charter as Crypto Landscape Shifts

Kraken's parent company Payward has made headlines by filing for an OCC charter to create a federally regulated trust company. This move is part of a larger trend where major exchanges are building banking arms to serve institutional capital in need of regulated custody.

The SEC and CFTC have also issued joint guidance clearing registered exchanges to handle spot crypto trading, further solidifying the shift towards regulated infrastructure.

Pepeto, a full marketplace with trading tools, has taken advantage of this trend by raising over $9 million in its presale. Analysts project 100x returns once listed on Binance, making it one of the most closely watched presales of the cycle.