Wells Fargo in talks with Kraken parent Payward for crypto trading liquidity
Summary
Kraken parent Payward is in talks to provide crypto trading liquidity to Wells Fargo, according to people familiar with the discussions. No deal is certain, and both companies declined to comment. The talks reflect growing cooperation between established crypto firms and major banks as lenders expand digital-asset services. Wells Fargo already offers bitcoin ETFs to eligible clients and has invested in crypto-related firms and blockchain initiatives. Payward is also discussing a broader infrastructure partnership with BNY and has a separate collaboration with Nasdaq involving tokenized equities and market surveillance.
