PANews reported on May 21st that, according to the official blog, Kraken Custody has launched a USDG rewards program for institutional and high-net-worth clients. This program allows eligible custody account holders of USDG (US dollar-anchored tokens) to automatically receive monthly rewards, with funds directly deposited into the custody vault and undergoing compliance review.
The announcement indicates that the program operates based on the Special Purpose Depository Institution (SPDI) license held by Kraken Financial in Wyoming, providing asset isolation and regulatory transparency. Additionally, Kraken Custody has added institutional-level custody services for SOL and XRP, though these are not yet included in the rewards program. Recent upgrades also include a VIP service model for high-net-worth clients and innovative features such as participating in TAO staking through compliant custody.
