Crypto.com Receives Conditional Approval From the US OCC to Establish a National Trust Bank
Summary
- Digital-asset exchange Crypto.com said it received conditional approval from the US Office of the Comptroller of the Currency (OCC) to establish a National Trust Bank.
- With the approval, Crypto.com said it will be able to provide digital-asset custody and related services under federal oversight.
- The industry said major digital-asset companies are accelerating their integration into the regulated financial system through the federally chartered trust bank framework.
According to CoinDesk, a US media outlet specializing in digital assets (cryptocurrencies), on the 23rd (local time) digital-asset exchange Crypto.com received conditional approval from the US Office of the Comptroller of the Currency (OCC) to establish a National Trust Bank.
With this approval, Crypto.com will be able to provide digital-asset custody and related services under federal oversight. Unlike ordinary commercial banks, however, it will not be permitted to take deposits or offer lending services.
Crypto.com previously submitted the relevant application to the OCC in October 2025. Last week, Bridge, the stablecoin operator owned by Stripe, also obtained the same license.
The industry is increasingly viewing major digital-asset companies as accelerating their integration into the regulated financial system through the federally chartered trust bank framework.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
