Fedwire

Technology

Last mentioned: Mar 5, 2026

Timeline

  1. Historic Approval

    Federal Reserve Bank of Kansas City officially grants Kraken Financial direct access to Fedwire.

  2. Regulatory Standoff

    Prolonged legal and regulatory scrutiny over crypto firms' access to Fed master accounts.

  3. Kraken Receives Charter

    Kraken Financial becomes the first firm to receive an SPDI charter in Wyoming.

  4. Wyoming SPDI Law

    Wyoming passes legislation creating the Special Purpose Depository Institution (SPDI) framework.

Stories mentioning Fedwire 1

Regulation Bullish

Kraken Financial Secures Historic Direct Access to Federal Reserve Payments

Kraken Financial has become the first cryptocurrency-native institution to gain direct access to the Federal Reserve's payment systems, specifically Fedwire. This landmark decision by the Federal Reserve Bank of Kansas City ends years of industry exclusion and allows for faster, more efficient settlement without intermediary banks.

2 sources