Kraken's banking arm has secured a master account with the Kansas City Federal Reserve Bank, granting it direct access to the US central bank's payment infrastructure. This move allows the crypto exchange to process US dollar payments directly through the Fed's Fedwire system, bypassing intermediary banks. The approval is granted for one year, with restrictions tailored to Kraken's business model.
Meanwhile, Bitcoin miner MARA Holdings clarified that recent regulatory filings were intended to expand treasury flexibility, not signal an imminent sell-off of its reserves. Bitcoin rewards company Fold has strengthened its balance sheet by eliminating $66 million in convertible debt. Additionally, a proposed New York Stock Exchange tokenization framework could pave the way for greater institutional participation in blockchain markets.
