Crypto exchange Kraken announced it will sponsor a Trump account for every child born in Wyoming in 2026.
The initiative, linked to US President Donald Trump, allows parents and legal guardians to open investment accounts for children.
The announcement also reflects increasing collaboration between digital asset companies and government-backed financial initiatives aimed at expanding early access to savings.
Wyoming becomes focus of Kraken funding effort
Wyoming Senator Cynthia Lummis announced on Monday that Kraken would fund Trump Accounts created for newborns in the state.
Wyoming’s future has never looked brighter. Absolutely thrilled to announce @krakenfx is sponsoring Trump Accounts for every Wyoming child born in 2026. Grateful to Kraken for their commitment to Wyoming’s next generation and to the Cowboy State’s economic future.
The contribution applies to eligible children whose accounts are opened under the programme, although Kraken has not disclosed how much it will provide for each account.
The exchange also didn’t clarify whether it will invest the amount in cash or crypto.
Kraken co-CEO Dave Ripley said the firm chose Wyoming because of its crypto-friendly regulatory environment and its role as Kraken’s global headquarters.
Big news for our home state: @KrakenFX is sponsoring @TrumpAccounts for every baby born in Wyoming in 2026.
We picked Wyoming as our global HQ because it leads with thoughtful, responsible crypto policy. We want to keep investing back in the community we call home. Starting
The exchange said its decision reflects the state’s leadership in digital asset policy and its efforts to support financial innovation.
Wyoming also enabled Kraken to operate as the first Special Purpose Depository Institution in the US, allowing the firm to provide regulated crypto financial services.
In a company blog post, Kraken credited state authorities for helping advance digital asset adoption, including their role in launching the Frontier Stable Token.
Trump Accounts expand federal child savings programme
Trump Accounts are designed as long-term savings vehicles for children under 18.
Parents or guardians can open accounts early in a child’s life, allowing funds to grow over time.
Under a federal pilot programme, the government will deposit $1,000 into Trump Accounts for eligible children born between Jan. 1, 2025, and Dec. 31, 2028.
The initiative aims to expand financial access and encourage long-term savings from an early age.
Kraken joins major financial institutions that have expressed support for the programme.
Traditional banking firms, including JPMorgan, Bank of America, and Wells Fargo, have also participated in various ways, signalling broader industry interest beyond crypto.
Crypto firms expand community support initiatives
Kraken’s involvement comes as crypto companies increase community-focused initiatives in regions where they operate.
Several firms have launched programmes designed to provide direct support to local residents.
Prediction market platform Polymarket recently opened a free grocery store in New York City and pledged to donate 3 million meals across the five boroughs.
What an incredible first day at The Polymarket.
Thousands served today at New York City’s first free grocery store — & we’ve donated 3 million meals on top of that!
We’ll be open again tomorrow, with a community donation hour from 5-6pm.
The store operated from Thursday through Sunday, followed by a donation drive on Monday that allowed residents to contribute food for redistribution.
Kalshi, another prediction market platform, also introduced a grocery support programme earlier this month.
On Feb. 3, the company provided $50 grocery giveaways to more than 1,000 Manhattan residents.
These efforts reflect a broader shift among crypto firms toward strengthening community engagement alongside expanding their financial services footprint.
https://invezz.com/news/2026/02/17/kraken-to-sponsor-trump-accounts-for-children-in-wyoming/
