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This Week In Crypto
05 Mar 2026

Morgan Stanley reinforces Wall Street’s long-term crypto bet

Kraken has received Fed master account approval, and additional approvals are expected. ICE invests in OKX. In trending topics, we cover the progress of Morgan Stanley’s crypto initiative, discussing how banks position for long-term crypto growth.
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Kraken receives Fed master account approval
Kraken’s banking unit, Kraken Financial, has received a Federal Reserve “master account,” giving the crypto firm direct access to Fedwire, the U.S. central bank’s real-time interbank payment system. This allows Kraken to move U.S. dollars directly through the same infrastructure used by banks and credit unions, rather than relying on intermediary banks for clearing and settlement. The approval is the first of its kind for a crypto-native company and could enable faster fiat transfers and more seamless fiat-crypto settlement for institutional clients.
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