Kraken said it will sponsor a 'Trump Accounts' deposit for every child born in the state of Wyoming during 2026.

Program details

The initiative is part of the Working Families Tax Cut and relies on a federal top-up administered by the U.S. Treasury.

Under the scheme, the U.S. Treasury will provide $1000 for each newborn through 2028, according to the program description.

Families and third-party organizations may add funds to the accounts, and balances become accessible when the beneficiary reaches 18 years.

Kraken's role and open questions

Kraken announced sponsorship but did not specify whether it will contribute additional capital or how any deposits will be invested.

The exchange also did not clarify if accounts will hold cash only or permit allocation to cryptocurrency assets or related products.

Officials from Kraken did not provide a timeline for disclosures about funding amounts, custodial arrangements, or investment options available to account holders.

Key points

• $1000 deposit per child through 2028 funded by the U.S. Treasury under the Working Families Tax Cut.
• Kraken will sponsor the accounts for infants born in 2026 but has not detailed its own financial contribution or custody model.
• Funds become available at 18 years, and families or third parties may add to balances before maturity.

Context

The program follows legislative measures aimed at supporting families and increasing savings for children, with federal contributions set through the end of 2028.

How participating firms like Kraken integrate these accounts into existing custodial frameworks will determine administrative complexity and compliance requirements for the program.

State officials in Wyoming and program administrators have not released further operational guidance as of publication.