Kraken parent Payward is exploring full banking licensure outside the US, expanding into lending, asset management, and potentially mortgages.
Regulation & Gov ·
Payward, the parent company of cryptocurrency exchange Kraken, is exploring paths to obtain full banking licensure outside the United States, according to reporting from The Block. The expansion would broaden the company's operations beyond crypto trading into lending, asset management, and potentially mortgage offerings.
The move signals a strategic shift toward regulated financial services in jurisdictions outside the US market. By pursuing a full banking license internationally, Payward seeks to operate across a wider range of traditional financial services while leveraging its existing crypto infrastructure and customer base.
The scope of jurisdictions being considered and timelines for obtaining such licenses remain unspecified. It is unclear which regions Payward is prioritizing or whether any regulatory applications have been filed.