Kraken parent Payward explores path to become a full bank

Payward co-CEO Dave Ripley said in an interview with The Block that Kraken’s parent company is exploring ways to expand payments, lending, yield and asset custody services outside the U.S. as it looks to evolve into a full bank. Ripley added that the company is building a wealth management business and shifting its infrastructure into a suite of services that banks, brokerages and fintech companies can integrate into their apps.