Kraken has achieved a milestone no other crypto-native firm has reached: direct access to the U.S. Federal Reserve’s payments system. The exchange’s banking arm, Kraken Financial, has been granted a Federal Reserve master account by the Kansas City Fed, marking a pivotal moment in the integration of digital assets with traditional financial infrastructure. The announcement, shared publicly by Kraken, underscores what the company describes as a major step toward connecting crypto infrastructure with the core rails of global finance. A historic moment for crypto. Kraken Financial has been granted a Federal Reserve master account, making us the first digital asset
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