This is a major milestone for our company.

It's a major milestone for the digital asset ecosystem.

These things have to go through rigorous review processes.

It's not enough to have a rulebook.

It's the people, the processes, the examinations behind the rulebook and how that rulebook's applied

that resulted in where we are today.

Hey, everyone, this is Market's Outlook, and I'm Jen Sanasi.

Cracken is the first crypto company to secure Fedmaster account access.

Joining us now is Cracken's global head of policy and market structure.

Jonathan Yahim to unpack what this means.

Hey, Jonathan.

Hey, Jen.

Thanks for having us today.

Thanks for being on what I'm sure is a very busy day for you and everyone else at the company.

Just lay a foundation for us.

Cracken's banking arm now has direct access to the Fed's core payment systems.

What does this mean for folks who are using Cracken, whether that's retail or institutional?

Yeah. So very exciting day for Cracken. We've been at this for a long time, and I'll walk through some of that history.

But what this really means is better risk management, operational efficiency,

and the ability to scale our products and services through Cracken Financial,

which is part of our broader payward family of businesses.

That includes Cracken, which is one of the largest and oldest crypto platforms

...