Brief
Crypto exchange group behind xStocks and Kraken Financial. On March 4, 2026, the Kansas City Fed approved a limited-purpose account for Payward Financial, doing business as Kraken Financial, for an initial one-year term with tailored restrictions.
Primary sources
Checks cover the claims listed below. Other details may still need review.
- Kansas City Fed: Kraken Financial limited account (opens in a new tab)
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- March 4, 2026 approval applies to Payward Financial/Kraken Financial, initially for one year with restrictions.
- Kraken: Federal Reserve account announcement (opens in a new tab)
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- Kraken Financial is the group's Wyoming-chartered SPDI; distinguishes the banking entity from the exchange.
- Bitnomial: Payward acquisition completed (opens in a new tab)
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- Payward completed its acquisition of Bitnomial on May 1, 2026. Bitnomial retains its existing regulatory structure and licenses within the group; this does not mean each Kraken entity holds those permissions.
- Centrifuge: Kraken qualified custody for JAAA (opens in a new tab)
Checked
- Kraken Institutional added Centrifuge's JAAA to qualified custody. Institutional holders can earn the fund return and use their positions across borrowing, trading and treasury workflows within the custody relationship.
Recent activity
Latest moves on the changelog feed.
- Jun 25, 2026WIRED
Kraken Institutional added Centrifuge's JAAA to qualified custody. Institutional holders can earn the fund return and use their positions across borrowing, trading and treasury workflows within the custody relationship.
Snapshot
Key terms and identifiers.
- Asset classes
- Equities, Commodities
- Regulatory
- sec-reg-d, fca-sandbox
- Analytics
- defillama.com/protocol/kraken
Milestones
How this player got here.
- Jun 2026Kraken Institutional added JAAA to qualified custody
- May 2026Parent Payward completed Bitnomial acquisition; Bitnomial retains its regulated structure within the group
- Mar 2026Kansas City Fed approved Kraken Financial limited-purpose account for an initial one-year term
- Jun 2025xStocks tokenized equity platform launched
- Jan 2025RWA trading pairs added
- Jun 2024Institutional custody expansion
Connections
Who they build with, build on, integrate with.
Flow
Capital, products, and distribution moving outward.
Dependency
Where this player builds on, integrates, or relies on others.
