Citadel-backed EDX Markets applies for U.S. trust charter to expand institutional crypto services
CoinDesk
EDX Markets has applied for a national trust bank charter to provide regulated custody and asset management services to institutional clients.Summary
EDX Markets, a crypto exchange backed by Citadel Securities, Fidelity Digital Assets, and Charles Schwab, has filed for a national trust bank charter with the Office of the Comptroller of the Currency. If approved, this charter will enable the platform to offer custody, asset management, and principal trading services within a regulated framework. CEO Tony Acuña-Rohter stated that this move is designed to provide the institutional-grade infrastructure and market structure that traditional banks and investors require to scale their digital asset operations.
(Source：CoinDesk)