Crypto.com Seeks OCC National Trust Bank Charter — What It Means for Crypto Holders

Crypto.com has applied to the U.S. Office of the Comptroller of the Currency (OCC) for a national trust bank charter, aiming to broaden its federally supervised crypto custody services for institutions like ETF sponsors and corporate advisors. This move focuses on custody and staking-adjacent trust services across multiple blockchains and does not impact existing operations at Crypto.com Custody Trust Company. A national trust bank provides custody and fiduciary services without offering FDIC-insured deposits or traditional loans. The OCC has previously approved similar charters, such as Anchorage Trust Company and Paxos National Trust, often with specific conditions. Other firms like Coinbase and Circle have also recently filed similar applications. While this doesn't immediately affect retail users, approval could simplify trust services for large counterparties and influence market infrastructure over time.

(Source：CoinDesk)