Compass Investments Kraken Won Historic Fed Approval. So Why Isn’t Its Master

📌 Kraken Won Historic Fed Approval. So Why Isn’t Its Master Account Live Yet? – Kraken Financial’s Federal Reserve master account is still not live more than four months after approval, bank CEO Brian Mathena told Wyoming lawmakers last week. In March, the Wyoming-chartered bank became the first crypto firm ever to win one. Winning was hard. Switching it on is proving even harder

Kraken Financial won a historic Federal Reserve master account in March 2026, but CEO Brian Mathena told Wyoming lawmakers last week the master account is still not live more than four months later. The bank cites operational, compliance and Fed-onboarding work; switching the account on remains complex, so clients and tokens like #talus cant yet tap direct Fed rails. Kraken