Crypto.com Receives Conditional Approval for U.S. National Trust Bank Charter

Crypto.com announced it received conditional approval from the Office of the Comptroller of the Currency (OCC) to establish a national trust bank in the United States. This new entity, tentatively named Foris Dax National Trust Bank, will operate as a limited-purpose national trust bank focused exclusively on digital-asset services like custody, staking, and trade settlement, operating under direct OCC supervision. The approval is conditional, requiring Crypto.com to meet pre-opening requirements regarding capital, governance, and risk controls before final authorization. CEO Kris Marszalek stated this milestone underscores the firm's commitment to compliance and aims to serve institutional needs for a "one-stop-shop qualified custodian" under federal oversight. This move positions Crypto.com alongside other firms pursuing national trust charters and offers institutional investors greater regulatory clarity.

(Source：Bitcoin Magazine)