TL;DR
- Kraken will sponsor Trump Accounts for every newborn in Wyoming in 2026, marking one of the first statewide corporate commitments tied to the federal child savings initiative.
- Unlike companies matching Trump Accounts through employee benefit programs, Kraken’s approach applies to an entire state.
As major banks, asset managers, and technology firms pledge matching funds for President Trump’s federal child savings initiative, the list of corporate supporters continues to grow. Crypto exchange Kraken has now entered that arena, committing to sponsor Trump Accounts for every newborn in Wyoming in 2026.
Unlike employer-based matching programs adopted by firms such as JPMorgan and Bank of America, Kraken’s pledge applies to an entire state. The initiative reinforces Wyoming’s reputation as a crypto-friendly jurisdiction and deepens the intersection between digital asset companies and federal capital policy.
Corporate support expands beyond payroll programs
The Trump child savings program, also known as Trump Accounts, was launched as a federally backed initiative to start long-term savings at birth. Under the structure, each eligible account receives a $1,000 federal deposit.
In recent months, corporate support for Trump Accounts has widened across finance and tech. Several large firms framed their participation as an employee benefit, matching the $1,000 federal deposit on behalf of eligible employees.
Kraken is taking a different approach.
Kraken backs Trump Accounts in Wyoming
This is where the “Wyoming twist” comes in. Kraken is backing Trump Accounts through a statewide pledge, committing to fund the accounts for every child born in Wyoming in 2026.
While the company did not disclose the exact per-child amount, one can attempt to estimate the initiative’s total financial impact.
Wyoming records roughly 6,000 to 7,000 births per year. If Kraken were to match the $1,000 federal deposit per child, the total sponsorship would amount to approximately $6 million to $7 million for 2026.
Why Wyoming
Wyoming has spent years building a legal and regulatory identity around digital assets. That history helps explain why Kraken chose Wyoming for this sponsorship.
Wyoming is widely viewed as a crypto-friendly state because of its early blockchain laws and specialized banking laws. The state created a framework for Special Purpose Depository Institutions and clarified digital asset property definitions ahead of many other jurisdictions. It also has a small population, which makes statewide programs easier to define and administer.
The Trump Accounts announcement in Wyoming also fits the state’s political profile. Senator Cynthia Lummis has repeatedly promoted digital asset policy in Congress, and the state has marketed itself as a place where financial innovation is welcome.
In short, Wyoming provides a clear setting for a public-private program that includes a crypto exchange.
>>> Read more: Wyoming Stablecoin: Why FRNT Is Really Tokenized Public Cash
A different model of corporate participation
Until now, corporate backing of the Trump Accounts has largely taken the form of employee benefit enhancements. Kraken’s decision in Wyoming moves that support into the public arena and introduces a different way for a company to align itself with the program. Rather than engaging with the program quietly within internal benefit structures, the sponsorship attaches the exchange’s name directly to the federal initiative.
Whether other crypto firms will follow remains unclear. What is clear is that more institutions are committing capital to Trump Accounts, and Wyoming has once again become an early test case.
