Crypto.com pushes for federal footing with US trust bank charter application
Cointelegraph
Crypto.com has applied for a US National Trust Bank Charter to offer federally regulated custody services nationwide.Summary
Crypto.com, the Singapore-based crypto exchange, is seeking a US National Trust Bank Charter from the Office of the Comptroller of the Currency (OCC). If approved, this federal license would allow the company to offer federally regulated custody and trust services for digital asset treasuries, ETFs, and institutional clients across the United States. A trust bank charter focuses on safeguarding and managing client assets rather than taking deposits or making loans. Crypto.com is following other crypto firms like Anchorage Digital Bank, Paxos, and Coinbase, which have also pursued or obtained similar federal banking charters to gain regulatory clarity and expand services.
(Source：Cointelegraph)