In Australia, Beaufort Fiduciaries Pty Ltd (ACN 162 139 871, AFSL No. 545124) provides wholesale clients with access to derivatives where the underlying assets are digital assets. Derivatives are complex, regulated financial products that are difficult to understand and may not be suitable for inexperienced investors. For eligibility, terms and conditions click here. Krak Pay is offered by Bit Trade Australia Pty Ltd (ACN 163 237 634), Authorised Representative of Flexewallet Pty Ltd (AFSL 448066). This information is general in nature and does not take into account your personal objectives, financial situation or needs. You should consider whether it is appropriate for you and read the relevant disclosure documents before making any decision.

Create an Organization

Last updated: June 26, 2026

Organizations is currently in beta and may not be available yet for your business account.

Prerequisites

Before you create an Organization, confirm the following:

  • You have a KYB-verified corporate Kraken account. Personal Kraken accounts are not eligible.

  • You are the account holder - the person who completed business verification for the account.

  • You understand that Organization creation cannot be undone through self-service. After creation, reversing it requires manual support.

Before you set up permissions, identify who on your team should trade, move funds, approve requests, and manage access. This makes it easier to assign roles and policies correctly.

Note: Organizations is currently in Beta. See Beta limitations for what is and is not available.

  1. Sign in to your corporate Kraken account.

  2. Go to Settings > Organizations.

  3. Select Create Organization.

  4. Set the Organization name that your team will see when they sign in.

  5. Choose the Organization Sign-in 2FA policy for all Members - either Passkey only or Authenticator app or Passkey. This policy applies to every current and future Member. Members who do not meet the requirement are blocked until they comply.

  6. Review the configuration summary.

  7. Select Confirm to create your Organization.

Caution: Organization creation is permanent. You cannot delete or undo an Organization through self-service. Make sure you are ready before confirming.

Organization Sign-in 2FA policy

All Organizations require two-factor authentication. During creation you choose the Organization Sign-in 2FA level that applies to every current and future Member.

2FA Level

What it requires

Passkey only

Members must register and authenticate with a passkey (hardware security key or platform authenticator).

Authenticator app or Passkey

Members must have at least one of an authenticator app or a passkey enabled on their account. Either method satisfies the requirement.

Important: Members who do not meet the Organization Sign-in 2FA policy are blocked from accessing the Organization until they enable the required methods on their Kraken account.

The Owner can change the Organization Sign-in 2FA level after creation but cannot disable 2FA entirely. At least one of the levels above must always be active.

Session timeout

A configurable idle session timeout applies to all Members. When a Member's session is idle for longer than the timeout period, the session is terminated and the Member must sign in again.

Session timeout is configured from the Organization security settings after creation. Shorter timeouts reduce the risk of unattended sessions being misused.

After you create your Organization:

  • You become the Organization Owner with full permissions across all workflows and accounts.

  • Your existing account becomes the Organization's primary account. All balances, positions, and settings remain unchanged. No existing functionality is removed.

  • The Organization layer adds governance on top of your current account.

  • No other Members exist yet. You operate as a single-user Organization until you invite team members.

Once your Organization is created, follow these steps to set up your team:

  1. Invite your first Member - Go to the Access page and invite a Member using the Manage Access workflow. Assign permissions using a role template or configure them manually. See Permissions and workflows.

  2. Configure your first policy - Set approval requirements for your highest-risk workflow. Most Organizations start with Initiate Withdrawal or Manage Addresses. See Policies, approvals, and governance.

  3. Test the approval flow - Submit a test request and verify that the right Members can approve it.

  4. Lock when ready - Once you are confident the approval flow works, lock the policy to prevent unilateral changes. See Rolling out governance.

Note: You do not need to configure all governance at once. You can introduce approval requirements one workflow at a time, at your own pace.

Need more help?