Kraken co-CEO Arjun Sethi on why the crypto exchange's new Fed master account access and NASDAQ partnership isn't designed to ‘disrupt the banking system' [Fortune]
Intercontinental Exchange Inc. (ICE)
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Source: Fortune
In just the past two weeks, Kraken has announced its groundbreaking approval for a limited purpose Federal Reserve master account, as well as a new partnership with NASDAQ to offer tokenized stocks. In the latest episode of Fortune 's Crypto Playbook podcast—available on TK—co-CEO Arjun Sethi explained why Kraken's goal isn't to disrupt the banking system. “It's to make the plumbing of the financial system safer and more efficient,” he said. Recommended Video Founded in 2011, Kraken is one of the longest-tenured crypto companies in the U.S. Sethi, who cofounded the venture capital firm Tribe Capital, has served as the CO-CEO of the exchange since 2024. In the role, he has helped spearhead the company's push into merging blockchain technology with traditional finance. That has included the 2025 launch of xStocks, which provides traders with tokenized versions of stocks and ETFs like Tesla and Apple Sethi says Kraken's recent developments will help propel the company's vision of r
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