Expanding Kraken storage to Europe under MiCA

TL;DR

• Storage of MiCA regulations in the EEA: Kraken’s European entity, Payward Europe Solutions Limited (PESL), is authorized and regulated by the Central Bank of Ireland.
• Institutional level protection: PESL provides transparent digital asset custody compliant with institutions across the EEA under the EU Markets in Cryptoassets (MiCA) Regulation
• Global expansion and uniform standards: PESL collaborates with Kraken Financial in the US to power Kraken’s regulated storage network across major global jurisdictions

A new chapter in institutional custody in Europe

The European Market in Cryptoassets (MiCA) Regulation has come into force, giving institutions a clear path to tackle digital assets under a harmonized and regulated framework.

through PESL — Kraken’s MiCA-regulated European entity — Institutions across the EEA can now protect their assets with a custody solution designed for compliance, transparency, and operational assurance.

This milestone expands Kraken’s organizational footprint by combining MiCA’s oversight in Europe with the existing US framework operated through Kraken. kraken financialbuilding a unified global storage network.

Regulated protection under MiCA

PESL Authorization central bank of ireland Bringing the rigor of traditional financial supervision to digital assets.

Under MiCA, clients benefit from:

• Isolated storage: Customer assets are completely separate from PESL and Kraken exchange assets
• Independent audits and transparent reserves: Assets are supported by independent collateral verification and robust reporting
• MiCA-compliant governance: Supervision in line with the highest EU regulatory standards

The result is a storage environment that delivers both institutional security and regulatory clarity across the EEA.

Seamless integration across jurisdictions

Kraken’s storage network currently offers clients: True jurisdictional flexibility.

Institutions based in the EEA can onboard through PESL under MiCA, while clients in the US can still access custody through PESL. kraken financial — Both built on a unified technical and operational architecture.

This shared infrastructure ensures:

• Consistent reporting and security standards
• Harmonious client experience
• Cross-jurisdictional coordination for global portfolios

Reliable operation guarantee organization

Kraken Custody Combine Institutional level security We bring the transparency and speed of blockchain technology to life. PESL’s framework applies the same principles that guide Kraken Financial, including secure cold storage, rigorous key management, and independent auditing, to ensure operational maturity across all tiers of the custody stack.

This collaboration will enable institutions to store their digital assets with confidence. Regulated, resilient and independently verified structure Built specifically for fiduciaries, foundations and corporate finance.

Strengthens Kraken’s global custodial network

With the addition of PESL in Ireland, Kraken now offers regulated custody of digital assets under two major regimes. European MiCA and State and federal supervision in the United States

This expansion reflects Kraken’s long-standing commitment to operating transparently and compliantly across global markets, enabling institutions to participate in the digital asset ecosystem with confidence.

learn more

To find out how Kraken Custody can support your organization’s digital asset strategy, visit kraken.com/institutions/custody or contact your account manager.