The banking branch of the crypto exchange, set to IPO soon, will no longer need to rely on intermediary banks.

Kraken Financial, a Wyoming-based special-purpose depository institution operated by Payward Inc., has become the first digital bank to get a Federal Reserve master account.

Kraken becomes the first crypto firm with a Fed master account, raising questions about Ripple’s chances of similar access.

Recent events at the US Federal Reserve signal acceptance of digital assets at the highest levels of the country’s monetary system. Kraken recently became the first crypto exchange to receive a master ...

Mastercard MA on Wednesday launched a Crypto Partner Program with over 85 companies including Binance BNB, Circle CRCL, ...

Circle Internet Group Inc., Binance and Gemini Space Station Inc., into a new global partnership program designed to keep crypto payments connected to its network as stablecoins are pitched as an ...

Federal Reserve Governor Christopher Waller floated the idea of the central bank creating a "skinny master account" for crypto firms which would grant them access to the Fed's payment rails while ...

WASHINGTON — The White House group that studies crypto said that there should be more "transparency" in how crypto firms seek and acquire bank charters or master accounts. The White House working ...

A US appeals court refused to hear Custodia Bank’s final appeal, ending its five-year fight for a Federal Reserve master account.

The license would allow the firm to operate like a traditional bank and gain direct access to payment networks like Fedwire and ACH.