Kraken Financial Becomes First Crypto Bank with Federal Reserve Master Account

🏦 Kraken gets Fed access

By Kraken
Mar 19, 2026, 3:49 PM
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Historic Milestone for Crypto Banking

Kraken Financial has been granted a Federal Reserve master account, marking a significant first for the digital asset industry.​ This approval gives Kraken direct access to the U.​S.​ payments system, bridging crypto infrastructure with traditional financial rails.​

Key Developments:

  • First digital asset bank to receive Fed master account access
  • Direct connection to core U.​S.​ payment systems
  • Major step in integrating crypto with traditional finance

Additional Platform Updates:

  • xStocksFi launched xChange for onchain equity trading
  • U.​S.​ stocks and ETFs now available on Kraken Desktop
  • xStocksFi recently surpassed $25B in total transaction volume

This regulatory approval represents a pivotal moment in legitimizing crypto banking within the traditional financial system.​

Sources

A historic moment for crypto. Kraken Financial has been granted a Federal Reserve master account, making us the first digital asset bank with direct access to the U.S. payments system. A major step toward connecting crypto infrastructure with the core rails of global finance.

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