Wells Fargo is reportedly in talks with Kraken parent Payward to source crypto trading liquidity, marking another potential partnership between the exchange and a major legacy bank.
Kraken reports 7 million funded accounts as parent company Payward pivots toward a full-service financial infrastructure model.
Payward has partnered with Singapore Gulf Bank to enable 24/7 US dollar settlements for institutional clients via the SGB Net network.
Payward has partnered with Singapore Gulf Bank to enable 24/7 USD settlement for institutional clients in Asia and the Gulf via the SGB Net clearing network.
BNY and Kraken parent company Payward are in talks to build global financial infrastructure, potentially integrating crypto services with traditional banking systems.
Hyperliquid and Payward are collaborating to introduce regulated perpetual futures to US clients via the new HIP-3* infrastructure, leveraging Bitnomial’s CFTC-licensed framework.
Nasdaq has invested $100 million in Kraken's parent company, Payward, at a valuation of $21 billion.
Kraken is facing operational challenges with withdrawal delays across 23 services and a deposit freeze affecting over 20 blockchain networks.
