Kraken parent explores path to full bank with services outside the U.S.

Kraken’s parent company Payward is exploring ways to expand payments, lending, yield and asset custody services outside the United States as it seeks to evolve into a full bank, co-CEO Dave Ripley said in an interview with The Block. The firm is also building a wealth management business and shifting its infrastructure into a suite of services that banks, brokerages and fintech companies can integrate into their apps. The comments extend earlier signals from co-CEO Arjun Sethi about European banking licenses and asset-management tie-ups, reinforcing Kraken’s push to move beyond crypto trading into broader banking and brokerage-style offerings inside mainstream finance.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.