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Crypto exchange Kraken said it had been granted access to the Federal Reserve’s core payments systems, a first for the digital assets industry that is increasingly becoming intertwined with the mainstream financial system.

The Fed granted the Wyoming-based exchange a master account with the central bank, the company said on Wednesday. Kraken said it would be able to connect directly into payments infrastructure, including the central bank’s Fedwire service, to transfer dollars for institutional clients to start.

The Fed’s decision to grant Kraken access to its payments network brings the digital assets group in line…