Blockonomi

Kraken Breaks New Ground with Federal Reserve Master Account Approval

Kraken Financial makes history as the first crypto company approved for a Federal Reserve master account, gaining direct ...
JD Supra

Fed’s Waller Floats “Payment Accounts” to Streamline Access to Fed Rails: What a “Skinny” Account Could Mean for Payments and Digital Assets

Federal Reserve Governor Christopher J. Waller used the central bank’s inaugural Payments Innovation Conference on October 21 to propose a new “payment account,” a streamlined alternative to a ...
Hosted on MSN

How the Federal Reserve Impacts Savings Account Interest Rates

The Federal Reserve serves a number of functions to help the U.S. economy operate efficiently. But when it comes to how the Fed impacts savings account interest rates, monetary policy plays the ...
JD Supra

Innovation Within Limits, January 2026 - Federal Reserve Board Proposes “Payment Account” Prototype to Facilitate Payments Innovation While Limiting Reserve Bank Risk

On December 19, 2025, the Federal Reserve Board issued a Request for Information (“RFI”) on a proposed “Payment Account prototype.” The proposal responds to growing pressure from payments-focused ...
American Banker

Fed seeks public input on 'skinny' master account concept

Key Insight: The Fed is exploring whether to create a limited payments account for certain eligible entities, an initial step that could lead to a formal rulemaking down the road. Expert Quote: "These ...

Kraken becomes first crypto firm to gain Fed master account access

According to a report by The Wall Street Journal on Wednesday, Kraken Financial has secured a Federal Reserve master account, granting it access to the central bank’s payment systems.