Kraken’s Parent Reportedly Discusses Crypto Deal With BNY

CoinDesk reported, citing two people familiar with the matter, that the discussions could cover custody, trading, payments, wealth management and digital-asset infrastructure. Both companies declined to comment, and there is no guarantee they will reach an agreement.

The talks fit Payward’s effort to sell the systems behind Kraken to other financial institutions. Those institutions could use its services while retaining their own customer relationships, giving Payward a way to reach clients who might never open a Kraken account. For BNY, which already offers digital-asset custody, a deal could expand what clients can do with the assets it helps them hold.

Kraken’s parent is building a business behind other brands

Payward introduced Payward Services on Mar...