Payward Files Application for OCC National Trust Company, Deepening Commitment to Regulated Digital Asset Infrastructure - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Economic News
Newswires RSS Get our newsletter
Order Prints
May 8, 2026 Newswires
Share
Share
Post
Email

Payward Files Application for OCC National Trust Company, Deepening Commitment to Regulated Digital Asset Infrastructure

Business Wire

Application complements Kraken Financial, the first digital asset bank to hold a Federal Reserve master account

CHEYENNE, Wyo.--(BUSINESS WIRE)--
Payward, Inc., a unified financial infrastructure platform advancing an open, global financial system, has filed an application with the Office of the Comptroller of the Currency (“OCC”) for a national trust company charter. If approved, the application would establish Payward National Trust Company ("PNTC"), which would provide fiduciary custody and other services primarily for digital assets. PNTC expects to serve institutional clients and individual customers seeking regulated, bank-level custody and trust services for digital assets, leveraging Payward's existing infrastructure, risk management, compliance programs, and regulated affiliates to deliver services in a secure and compliant manner.

This application marks Payward's latest step in building out a robust federal regulatory infrastructure for digital assets, as the U.S. regulatory landscape continues to mature. A national trust company charter would establish a federally regulated custody offering under OCC oversight, expanding access for institutional clients who require a federally regulated qualified custodian and enabling Payward to serve a broader range of clients across the United States.

"Our long-held belief has always been that the right path forward for digital assets runs through robust, transparent regulation," said Arjun Sethi, Co-CEO of Payward and Kraken. "A national trust company provides the certainty institutions require and establishes the infrastructure to build the next generation of custody. This is not about being first; it is about getting the framework right so markets can scale with clarity, interoperability, and long-term vision for what clients will demand as these systems mature."

A Multi-Charter Strategy Built for Every Client, Every Market

The OCC application builds on the regulatory foundation Payward has already established through Kraken Financial, its Wyoming Special Purpose Depository Institution (SPDI). A Wyoming SPDI and a national trust company would serve different and complementary purposes.

"Kraken Financial and what we are building with the OCC are complementary pillars of Payward's regulated banking strategy aimed at advancing an efficient and accessible digitally native financial system," said Arjun Sethi. "Our Wyoming SPDI and Federal Reserve master account represent a genuinely unique foundation, and the addition of a national trust company expands what we can offer our clients under an evolving U.S. regulatory framework.”

About Payward

Payward, Inc. is a unified financial infrastructure platform that powers a family of products advancing an open, global financial system. Built on a single shared architecture, Payward enables customers to hold, trade, earn, pay, and invest across asset classes without friction or fragmentation.

At its core, Payward provides the infrastructure layer behind Kraken and a growing set of purpose-built products, including NinjaTrader, Breakout, xStocks, Bitnomial and CF Benchmarks.

Payward separates infrastructure from product expression. Each product surface is designed for a specific customer segment, regulatory regime, and use case, while benefiting from shared infrastructure including global liquidity, a unified risk and margin engine, common collateral and settlement systems, and consistent operational standards.

This shared architecture allows Payward to scale efficiently, launch new products at low marginal cost, and serve diverse global markets while maintaining consistent risk management, regulatory integrity, and operational resilience. For more information about Payward, please visit www.payward.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260508275521/en/

Lauren Post
press@kraken.com

Source: Payward, Inc.

Older

U.S. DEPARTMENT OF THE TREASURY HOSTS CONVENING WITH STATE INSURANCE COMMISSIONERS ON PRIVATE CREDIT AND THE INSURANCE SECTOR

Newer

Rob Schofield: NC’s new Medicaid ‘compromise’ comes at a cost

Advisor News

  • Could a narrower focus help grow your practice?
  • U.S. debt hits $40 trillion: how to support concerned clients
  • Flourish brings private-bank-like cash solution to MassMutual’s network
  • Majority of Americans concerned recent market highs are unsustainable
  • GLP-1 users choose between medication and retirement saving
More Advisor News

Annuity News

  • MassMutual Expands Lending Options With New Secured Credit Line
  • Corebridge Financial Introduces Progressive Trigger, a First-of-Its-Kind Index Annuity Strategy Designed to Turn Missed Years into Future Opportunity
  • Insurer proposes $1.1M deal to resolve CA teachers’ annuity fee lawsuit
  • IMOs get frustrated with slow carrier adoption of faster technology
  • New class-action lawsuit targets Delaware Life over annuity disclosures
More Annuity News

Health/Employee Benefits News

  • Skyrocketing employee healthcare rates ‘a new normal’
  • Centene Corp. (NYSE: CNC) Hits New 52-Week Peak
  • Wipro Announces Results for the Quarter Ended September 30, 2026
  • Trump administration bars Pa. and other states from using federal funds on transgender youth care
  • State Health Plan loses bid to stop Atrium program, shifts Atrium to out-of-network tier
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • SBLI Lowers OmniTrak Term Rates and Expands Underwriting Flexibility
  • Open Enrollment Starts November 1: Tampa Broker Ryan Michalek Urges Families and the Self-Employed to Check 2027 Costs Before They Auto-Renew
  • MassMutual Expands Lending Options With New Secured Credit Line
  • AM Best Affirms Credit Ratings of Aflac Incorporated and Its Subsidiaries
  • AM Best Upgrades Credit Ratings of Dah Sing Insurance Company Limited
Sponsor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Benefits Studio Launches to Fill the Missing Middle of Benefits Navigation at $49/mo
  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.