Kraken Gains Fed Access; MARA, Fold and NYSE Tokenization Push

Kraken’s banking arm secured a limited-purpose master account with the Kansas City Federal Reserve Bank, giving the crypto-native firm direct access to the Fed’s Fedwire real-time gross settlement system. The account lets Kraken process US dollar payments directly with the central bank instead of through intermediary banks, and the approval is initially granted for one year with restrictions tailored to its business model and risk profile.

Arjun Sethi, Kraken’s co-CEO, said the master account allows the firm to operate as a directly connected financial institution rather than a peripheral participant. Bitcoin miner MARA Holdings clarified that a recent Form 10-K expanded its treasury flexibility and did not signal an imminent liquidation of its Bitcoin holdings.

United States, Kansas City

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