Kraken Just Got a Federal Reserve Master Account – The First Crypto Bank in US History to Do It

Kraken Financial, the banking subsidiary of the Kraken exchange, secured a Federal Reserve master account, becoming the first digital asset bank in US history to gain direct access to the Fed’s core payment infrastructure without relying on an intermediary commercial bank. source: https://www.ethnews.com/kraken-just-got-a-federal-reserve-master-account-the-first-crypto-bank-in-us-history-to-do-it/