EDX Markets Applies for OCC Trust Bank to Expand Crypto Services
Cointelegraph
Institutional crypto exchange EDX Markets has applied for an OCC national trust bank charter to provide regulated custody and settlement services.Summary
EDX Markets has filed an application with the U.S. Office of the Comptroller of the Currency (OCC) to establish EDX Trust, a national trust bank. This entity aims to provide institutional-grade crypto custody, asset management, and trade-settlement services. By separating these functions from its existing trading platform, EDX intends to mitigate structural risks and conflicts of interest common in the crypto industry. The proposed bank will operate under a federal regulatory framework, targeting institutional clients such as broker-dealers and investment advisers, while utilizing a riskless principal model for settlements.
(Source：Cointelegraph)