Wells Fargo is in discussions with Payward, the company that operates the Kraken exchange, about a deal that would have Payward supply liquidity for crypto trading at the bank, CoinDesk reported on Oct. 7, citing two persons familiar with the matter.

The discussions are ongoing and may not produce a deal, according to the report.

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What Payward Would Do for Wells Fargo

A liquidity provider lets a bank offer crypto trading without building its own market infrastructure. Payward already sells technology of that kind to banks through its Payward Services unit, which also serves fintechs, brokerages and payment…