Author: BPay News

BPay News is the site's editorial desk covering Bitcoin, Ethereum, digital asset markets, regulation, and on-chain developments.

Kraken Builds Own Bank to Access Federal Reserve Successfully

</div><p><a href=”https://cryptoslate.com/kraken-can-now-move-dollars-inside-the-fed-system-and-stablecoin-firms-are-watching-what-happens-next/data-src=”https://cryptoslate.com/wp-content/uploads/2026/03/bank-presale.webp” height=”344″ https:=”” src=”data:image/svg+xml,%3Csvg%20xmlns=%22http://www.w3.org/2000/svg%22%20viewBox=%220%200%201326%20344%22%3E%3C/svg%3E” width=”1326″>Kraken has cleared a regulatory hurdle that crypto firms have chased for years: direct access to the Federal Reserve’s core payments infrastructure.On March 4, the exchange said its Wyoming-chartered bank, Kraken Financial, has been granted a Federal Reserve master account, allowing it to settle US dollar payments directly over Fed rails instead of routing transfers through sponsor banks.The US Fed confirmed that the crypto firm’s bank was granted approval as a Tier 3 entity with a limited-purpose account authorized for an initial one-year term.This approval gives the digital-asset industry a practical example of what more…

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