Payward, the parent company of the well - known cryptocurrency exchange Kraken, is currently engaged in discussions with Wells Fargo, a prominent U.S. financial institution. The objective of these talks is for Payward to assume the role of Wells Fargo's crypto liquidity provider, thereby offering crucial liquidity support for cryptocurrency asset trading. At present, the negotiations between the two entities are still in progress. There is a significant degree of uncertainty regarding whether they will ultimately reach a final agreement. Moreover, neither Payward nor Wells Fargo has issued any official statements on this matter. This development is a clear sign that traditional large - scale banks are stepping up their efforts to enter the crypto sector. In the context of a more favorable regulatory environment in recent times, major lending institutions have started to recognize established digital asset firms as vital business partners. They are expanding their digital asset strategies by collaborating with specialized service providers. Wells Fargo has already made some inroads into the digital asset space. This year, it has bolstered its digital asset team. Additionally, it served as the exclusive capital markets advisor for Nasdaq when Nasdaq facilitated a $100 million investment in Payward.