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Kraken’s Payment Chief Hints at What Will Redefine Crypto’s Role in Financial Services

  • The cryptocurrency sector aims to build the next generation of financial services infrastructure.
  • Kraken's head of payments and blockchain, Brett McLain, discussed the launch of its crypto as a service (CaaS) model.
  • The CaaS model is designed to offer crypto services to enterprise clients through a partnership with Alpaca.
  • Kraken's CaaS functions as a plug-and-play back end for brokers and digital wallets, providing regulatory compliance and liquidity network.
  • The company plans to extend its services to Canada, the EU, and the UK amid international regulatory challenges.
  • Kraken aims to provide stability and compliance tools like KYC and KYB processes to navigate the regulatory landscape.
  • The CaaS model also focuses on tokenized real-world assets like tokenized stocks to increase accessibility globally.
  • Kraken's vision extends beyond being a crypto exchange to becoming a FinTech supporting various financial services.

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