Kraken Custody Launches USDG Rewards Program for Institutional Clients

Kraken Custody has launched a new rewards program, USDG Rewards, to entice institutional and high-net-worth clients with attractive returns on their stablecoin holdings. The program, overseen by Tim Ogilvie, Head of Kraken Institutional, utilizes Kraken Financial’s regulatory framework and operates under a Special Purpose Depository Institution (SPDI) charter. 🔐 Automatic enrollment for USDG deposits, integrated into the firm’s custody services, provides clients with monthly rewards paid directly into their designated vaults. This program signifies a significant step forward in attracting institutional investors to Kraken’s custody solutions.