The post Crypto.com Seeks OCC National Trust Bank Charter — What It Means for Crypto Holders appeared on BitcoinEthereumNews.com.

Crypto.com has applied to the U.S. Office of the Comptroller of the Currency (OCC) for a national trust bank charter, a step it says would expand its federally supervised crypto-custody services for institutions. In Friday’s announcement, the exchange framed the filing as an extension of its regulated, security-first push for large customers — ETF sponsors, corporates and advisers — focused on custody and staking-adjacent trust services across multiple blockchains. The company did not provide a review timeline and said the application does not affect operations at Crypto.com Custody Trust Company, its New Hampshire-chartered, non-depository trust that already serves institutions as a qualified custodian. A national trust bank is a limited-purpose national bank supervised by the OCC for trust-company powers. In practice, it can provide custody, safekeeping and other fiduciary services nationwide; it is not a full-service commercial bank and does not take FDIC-insured deposits or make traditional loans. The OCC’s framework recognizes chartering banks that limit operations to trust activities under 12 U.S.C. § 27(a), and its trust-operations materials outline the fiduciary standards and recordkeeping requirements that apply. There is recent precedent. In 2021, the OCC conditionally approved Anchorage Trust Company’s conversion to Anchorage Digital Bank, N.A., pairing the decision with a detailed operating agreement — an example of the bespoke conditions attached to digital-asset trust charters. The OCC also granted preliminary conditional approval that year to Paxos National Trust in New York. Other large crypto firms have moved down this path in 2025. Coinbase filed early this month to organize Coinbase National Trust Company, a de novo, non-insured national trust company headquartered in New York, according to its application posted on the OCC’s digital-assets licensing portal. Circle applied on June 30 to establish First National Digital Currency Bank, N.A. to bring USDC reserves oversight and institutional custody under an…

---

Filed under: News - @ October 25, 2025 9:26 am