Ripple2026-07-10 15:26:13Ripple Seeks Federal Reserve Master Account Through Standard CustodyRipple is pursuing a Federal Reserve master account via Standard Custody, the trust company it acquired last year. The move could give it direct payment system access and is seen as more significant than an OCC trust charter.370
Kraken2026-07-02 14:45:14Kraken Confidentially Files for IPO as Valuation Drops to $13.3B, Secures Fed Master Account and Deutsche Börse InvestmentKraken co-CEO Arjun Sethi confirmed the exchange has confidentially filed for an IPO, with a current valuation of $13.3 billion, down from a peak of $20 billion. The company recently obtained a master account with the Federal Reserve Bank of Kansas City, enabling direct dollar settlement via Fedwire. Additionally, Deutsche Börse disclosed a $200 million investment for a 1.5% stake, deepening their partnership. Meanwhile, Kraken revealed two insider-related security incidents affecting about 2,000 accounts (0.02%), with no compromise of trading systems or client funds. The incidents led to an extortion attempt that Kraken refused to pay.380
