The crypto exchange Kraken has unveiled a digital assets 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 to ensure funds are held separately
from the exchange. Kraken Financial’s custody offering, aptly named Kraken Custody, enables clients to store, manage, and transfer crypto assets.

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

Streamlining Institutional Crypto Services

Last month, Kraken introduced a dedicated platform for
institutional clients, following the increased demand for its services by
institutions after the approval of spot Bitcoin
Bitcoin

While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that

While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that
Read this Term ETFs. Dubbed Kraken Institutional, this platform integrates
various products and services to cater to the needs of institutional investors,
asset managers, and hedge funds.