Kraken's parent company Payward is exploring becoming a full-service bank outside the United States

According to The Block, Kraken's parent company Payward's co-CEO Dave Ripley stated that the company is exploring becoming a "full-service bank" outside the United States to expand services such as payments, lending, yield, and custody.

Payward is also building asset management capabilities and transforming its infrastructure into a series of services accessible to banks, brokerages, and fintech companies.