Crypto.com wins conditional approval for US national trust bank license

Crypto.com, a digital asset platform, has secured conditional approval from the Office of the Comptroller of the Currency (OCC) to pursue a federally chartered national trust bank license. This approval allows the exchange to offer asset custody and staking services under federal supervision, bypassing the need to comply with varying state-by-state regulations. CEO Kris Marszalek stated this reflects the company's commitment to compliance and security. The Singapore-based firm applied for the charter in October 2025, and upon full authorization, the entity will operate as Crypto.com National Trust Bank. Crypto.com joins other digital asset firms like Bridge, Ripple, Circle, BitGo, Fidelity Digital Assets, and Paxos in seeking federal banking status, which provides unified federal oversight and potential exemptions from certain state custody requirements.

(Source：Crypto Briefing)