Citadel-Backed EDX Markets Applies for US Trust Bank Charter to Expand Crypto Services

EDX Markets, a cryptocurrency exchange supported by Citadel Securities, has applied for a national trust bank charter with the Office of the Comptroller of the Currency. This move aims to deepen the integration of digital asset firms with the US banking system by allowing EDX Markets to offer custody, asset management, and principal trading services under a regulated banking structure. The company argues that separating brokerage, exchange, and custody functions reduces conflicts of interest and operational risks, aligning with established financial market practices. CEO Tony Acuña-Rohter anticipates large banks will play a key role in future digital asset adoption, and this charter would position EDX Markets to serve institutional clients requiring regulated custody. This application follows a recent shift in federal policy towards greater openness to crypto firms seeking banking charters, with approvals granted to firms like Circle and Ripple.

(Source：Bitcoin Magazine)