Kraken

SPDI: Special Purpose Depository Institution Bank Charter

Explicación de la licencia bancaria SPDI


Cryptocurrencies, normally stored in wallets and apps, can now find refuge in brick and mortar banks thanks to the creation of digital charters for financial institutions in Wyoming.

The cowboy state began approving digital banks late in 2020 under its Special Purpose Depository Institution Bank Charter (SPDI), a framework that is attracting growing interest from cryptocurrency concerns and investors.

The SPDI allows approved banks to house digital currencies alongside fiat currencies under the Wyoming law. These new banks offer a range of banking services to their customers, linking the chasm between cryptocurrencies and cash.

SPDI banks in Wyoming must hold reserves backing 100 percent of the cryptocurrencies on deposit. So if a client seeks to withdraw funds, the bank will have the assets on hand to cover the request.

Kraken, which operates a cryptocurrency exchange, was the first digital asset company to receive the SPDI charter in Wyoming. Called Kraken Bank, it will be the first regulated American bank to provide comprehensive deposit-taking custody and fiduciary services for digital assets. Kraken will headquarter the bank in Cheyenne, Wyoming, with a permanent physical presence and required staff.

spdi bank charter


¿Qué es una licencia bancaria?

Traditionally, a chartered bank in the U.S. is a government-approved financial institution charged with safeguarding funds deposited by people and organizations. The Office of the Comptroller of the Currency (OCC) oversees chartered banks, along with federal savings associations, and agencies of foreign banks. The office may approve or deny applications for the establishment of national banks and savings associations.

Banks today offer monetary services necessary for growth in today’s economy, such as interest on savings deposits, and maintain federally mandated reserves used to process daily transactions for their customers. Banks typically lend out a portion of their depository assets to individuals and to commercial borrowers.

A bank charter is like a roadmap on how the bank will operate and comply with its regulatory framework, such as capital requirements. U.S. bank charters are issued at the state or federal level.

Why SPDI Crypto Bank Charters?


La carta digital de Wyoming bajo la SPDI es un tipo de marco único para la vivienda de activos financieros en comparación con los bancos tradicionales, una iniciativa que ha captado la atención de una variedad de empresas en el espacio de las criptomonedas. 

La visión de Kraken es convertirse en el puente más confiable del mundo entre la criptoeconomía del futuro y el sistema financiero actual. Con la carta de Wyoming, Kraken espera ayudar a los clientes a reducir la dependencia de instituciones financieras de terceros. 

Kraken Bank ofrecerá un conjunto de productos para sus clientes. Comenzarán localmente, pero se extenderán por todo Estados Unidos y, eventualmente, por todo el mundo. Inicialmente, solo los ciudadanos estadounidenses pueden abrir cuentas en este banco. 

El portfolio planificado de Kraken Bank incluye productos mejorados de custodia de activos digitales, participación de activos digitales, cuentas fiduciarias, ofertas en línea y móviles, tarjetas de débito y otros servicios para clientes corporativos.

¿Qué significa esto para los clientes de intercambio de Kraken? Los clientes nuevos y existentes solicitarán una cuenta en el banco y usarán estos activos para financiar cuentas sin problemas en el intercambio para operaciones futuras. 

Wyoming fue el primero en ofrecer un estatuto bancario que describe exactamente cómo las autoridades reguladoras supervisarán los activos digitales. La medida del estado para poner en marcha la banca de criptomonedas en los EE. UU. Recuerda cuando Dakota del Sur eliminó su límite de tasa de interés para los préstamos, una medida que abrió la puerta a los bancos de tarjetas de crédito. 

La banca digital también está aumentando a nivel mundial. Suiza, conocida por su sector bancario altamente desarrollado, comenzó a ofrecer licencias para la banca de criptomonedas en 2020, en otra señal más de la naturaleza transformadora de la arquitectura blockchain. 


SPDI Charter: Secure, Less Complicated?

Digital banks provide support for digital assets, making them easier and safer to use, and allow consumers to track their cryptocurrencies, cash, and other securities in one individualized account. 

The unified approach offers increased protection for the consumer by shrinking the number of counterparty and intermediary risks, and removes the potential of losing cryptocurrencies due to a host of user errors that occur when self-custodying. 

Finally, the SPDI architecture could also encourage other large institutions, such as pension funds, to enter the cryptocurrency market if they see a strong regulatory and security framework underpinning their investments.

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