Kraken Financial

Kraken FinancialKraken Financial
Kraken Financial

Kraken Financial

A Wyoming-chartered special purpose depository institution (SPDI) that provides regulated digital asset banking services and direct access to the Federal Reserve's payment infrastructure.

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DR 862020ActiveCheyenne, United States
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About

Kraken Financial, operating as Payward Financial, is a Wyoming-chartered special purpose depository institution (SPDI) that has achieved a significant regulatory milestone by being approved for a limited-purpose account with the Federal Reserve Bank of Kansas City. This approval marks the first time a digital asset bank in the U.S. has gained direct access to the Federal Reserve's payment infrastructure, enabling faster and more efficient fiat movement for institutional clients. Kraken Financial operates on a full-reserve basis, holding liquid assets equal to or exceeding 100% of client fiat deposits, and offers secure and regulated custody solutions for digital assets.
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Frequently asked

What does Kraken Financial do?

Kraken Financial, operating as Payward Financial, is a Wyoming-chartered special purpose depository institution (SPDI) that has achieved a significant regulatory milestone by being approved for a limited-purpose account with the Federal Reserve Bank of Kansas City. This approval marks the first time a digital asset bank in the U.S. has gained direct access to the Federal Reserve's payment infrastructure, enabling faster and more efficient fiat movement for institutional clients. Kraken Financial…

How much funding has Kraken Financial raised?

Kraken Financial has raised a total of $600M in funding. The most recent round on record is Secondary Transaction - Private.

Where is Kraken Financial headquartered?

Kraken Financial is headquartered in Cheyenne, United States.

When was Kraken Financial founded?

Kraken Financial was founded in 2020.

What industry does Kraken Financial operate in?

Kraken Financial operates in Fintech, Cryptocurrency, Banking, Regulatory Technology, Digital Payments, Embedded Finance.

Does Kraken Financial have an affiliate program?

Yes, Kraken Financial has an affiliate program. The program runs on Self-hosted affiliate. Register here: https://www.kraken.com/kraken-financial/affiliates

What is Kraken Financial's revenue?

StartupHub estimates Kraken Financial's annual revenue at $2.0B (range $1.3B to $4.8B, 43% confidence), based on comparable companies in the sector.

What is Kraken Financial's valuation?

StartupHub estimates Kraken Financial's effective valuation at $19.0B (range $13.3B to $24.7B, 39% confidence), based on comparable companies in the sector.