PANews reported on May 21 that, according to the official blog, Kraken Custody has launched a USDG rewards program for institutional and high-net-worth clients. This program allows holders of USDG (USD-pegged tokens) in qualifying custody accounts to automatically receive monthly rewards, with funds directly deposited into the custody vault and undergo compliance review.
The announcement states that the program operates based on the special purpose depository institution (SPDI) license held by Kraken Financial in Wyoming, providing asset segregation and regulatory transparency. At the same time, Kraken Custody has added institutional-grade custody services for SOL and XRP, but these will not be included in the yield program for now. Recent upgrades also include a VIP service model aimed at high-net-worth clients, as well as innovative features such as participating in TAO staking through compliant custody.
