BitGo gets OCC nod to become national crypto trust bank

Crypto custodian BitGo announced it has received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to convert into a national trust bank. This federal charter, once finalized, will replace its current South Dakota trust charter, enabling BitGo to offer regulated custody and digital asset services across the nation without needing individual state-by-state licensing. Furthermore, the federal charter is expected to enhance BitGo's capacity to provide institutions with trading, staking, stablecoin, and treasury services. BitGo is also preparing for a public offering, having filed an S-1 with the SEC in September, reporting $4.19 billion in revenue for the first half of 2025.

(Source：Crypto Briefing)