The crypto exchange Kraken has unveiled a crypto
custody solution for institutional investors in the United States. This new
service is offered under Kraken Financial, the state-chartered bank of the
crypto exchange based in Wyoming.
Kraken Financial is authorized to provide digital
asset custody and deposit accounts for institutional clients. The platform
operates as a segregated entity, ensuring funds and assets are held separately
from the exchange.
Tim Ogilvie, the Head of Kraken Institutional,
mentioned: “Custody has always been integral to the institutional crypto
space, and the recent success of the Bitcoin ETFs has only underscored the need
for a broader range of qualified custodians.”
“Kraken has 12+ years of experience in
safeguarding client assets, and a qualified custody solution is a core part of
a full-service institutional offering. The release of Kraken Custody is
well-timed to provide the market with an alternative via a secure and trusted
provider.”
Kraken Custody is the first product under our new institutional brand. Offered via Kraken Financial, our state-chartered bank that holds fiat deposits in full reserve, it is ideally suited to offer qualified custody solutions for US institutional clients.https://t.co/1TzDm00CBZ
— Kraken Exchange (@krakenfx) March 20, 2024
Expect ongoing updates as this story evolves.
The crypto exchange Kraken has unveiled a crypto
custody solution for institutional investors in the United States. This new
service is offered under Kraken Financial, the state-chartered bank of the
crypto exchange based in Wyoming.
Kraken Financial is authorized to provide digital
asset custody and deposit accounts for institutional clients. The platform
operates as a segregated entity, ensuring funds and assets are held separately
from the exchange.
Tim Ogilvie, the Head of Kraken Institutional,
mentioned: “Custody has always been integral to the institutional crypto
space, and the recent success of the Bitcoin ETFs has only underscored the need
for a broader range of qualified custodians.”
“Kraken has 12+ years of experience in
safeguarding client assets, and a qualified custody solution is a core part of
a full-service institutional offering. The release of Kraken Custody is
well-timed to provide the market with an alternative via a secure and trusted
provider.”
Kraken Custody is the first product under our new institutional brand. Offered via Kraken Financial, our state-chartered bank that holds fiat deposits in full reserve, it is ideally suited to offer qualified custody solutions for US institutional clients.https://t.co/1TzDm00CBZ
— Kraken Exchange (@krakenfx) March 20, 2024
Expect ongoing updates as this story evolves.
