Kraken Institutional launches a qualified custody solution through Kraken Financial in the US.

Kraken Institutional has launched a qualified custody solution through its state-chartered bank, Kraken Financial, in the US. Headquartered in Wyoming, Kraken Financial is authorized to provide digital asset custody and deposit accounts for institutions and holds all deposits in full reserve. This move follows the recent success of bitcoin ETFs and the increasing demand for qualified custodians in the institutional crypto space.

March 20, 2024
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