
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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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.
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Key facts
- Website
- kraken.com
- Headquarters
- Cheyenne, United States
- Founded
- 2020
- Total funding
- $600M (Secondary Transaction - Private)
- Business model
- B2B
Funding rounds
| Date | Round | Amount | Post-money | Lead investors |
|---|---|---|---|---|
| 18 Nov 2025 | Secondary Transaction - Private | $600M | $15.0B | Jane Street, DRW Venture Capital, HSG, Tribe Capital |
Tech stack
Detected on kraken.com, last scanned 25 Oct 2026. Run your own scan
- Compliance
- SOC 2, ISO 27001
- Frontend
- Tailwind CSS
- Analytics
- AppsFlyer
- CDN
- Cloudflare
- Email provider
- Google Workspace
- Email marketing
- Salesforce Pardot
- Cookie consent
- OneTrust
- Status page
- Statuspage
- Affiliate program
- Self-hosted affiliate
Kraken Financial scores 87. Does yours?
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Frequently asked
What does Kraken Financial do?
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.
Is Kraken Financial trustworthy and reputable?
StartupHub's Data Trust & Reputation score for Kraken Financial is 97 out of 100, a trusted rating, based on site security posture, privacy practices, malware and phishing checks, and public reputation signals.
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.
Does Kraken Financial have an affiliate program?
Yes, Kraken Financial has an affiliate program. The program runs on Self-hosted affiliate. Register here: www.kraken.com/kraken-financial/affiliates
Public record
SEC filings, insider activity, nonprofit links and pay benchmarks for Kraken Financial

