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Crypto

Kraken wins Fed master account approval, first for crypto firm

Kraken's banking unit has obtained a Federal Reserve master account, allowing it to connect directly to the Fedwire payments network, The Block reported on March 4. That gives Kraken direct access to the central bank's core payment system alongside thousands of banks and credit unions, helping speed up fiat currency transfers. The account does not include central bank services enjoyed by banks such as interest on reserves, Kraken Co-CEO Arjun Sethi said.

Finance

Toss operator Viva Republica considers domestic stock market listing, asks FSS about IPO procedures

Viva Republica, the operator of Toss, is considering a listing on South Korea's stock market. Industry sources said the company recently asked the Financial Supervisory Service about guidelines that include procedures for applying for and being assigned a designated auditor. The designated auditor application is a process for companies preparing to list to receive a pre-listing audit from an accounting firm designated by financial authorities. A company official said it is reviewing various scenarios but could not confirm details.

AI & Enterprise

Anthropic resumes talks with U.S. Defense Department, finalising AI supply deal

Anthropic CEO Dario Amodei has resumed negotiations with the U.S. Defense Department, CNBC reported on March 5, citing the Financial Times. The Financial Times cited anonymous sources. Amodei is holding last-minute talks with Emil Michael, the under secretary of defense for research and engineering, focusing on terms for the Pentagon’s use of Anthropic’s Claude model. Talks had collapsed last week, followed by directives and designations involving Anthropic.