The post OCC green lights Ripple, BitGo, Paxos national trust bank charter applications appeared on BitcoinEthereumNews.com.

The Office of the Comptroller of the Currency (OCC) has announced conditional approvals for five national trust bank charter applications from cryptocurrency-related firms, Ripple, BitGo, and Paxos, alongside Circle and Fidelity Digital Assets. All five companies are responsible for issuing stablecoins. However, Fidelity is yet to issue its own stablecoin, still allegedly said to be testing in anticipation of a launch earlier this year. Which firms have an OCC national trust bank license? According to an official release, the conditional approval of the five national trust bank charter applications is subject to meeting the OCC’s conditions, after which all five institutions will join approximately 60 other national trust banks currently supervised by the OCC. The OCC claims to have applied the same rigorous review and standards it applies to all charter applications before deciding to grant the conditional approvals. It also meticulously reviewed each application, based on its individual merits, consistent with applicable statutory and regulatory factors. “New entrants into the federal banking sector are good for consumers, the banking industry and the economy,” said Comptroller of the Currency Jonathan V. Gould. “They provide access to new products, services and sources of credit to consumers, and ensure a dynamic, competitive and diverse banking system.” Gould says the OCC will continue to chart a path for both traditional and innovative approaches to financial services to ensure the federal banking system is able to keep up with the evolution of finance and support a modern economy. Among the five firms involved, the OCC conditionally approved applications for new national banking charters for USDC issuer Circle’s First National Digital Currency Bank and Ripple National Trust Bank.  The other three, namely BitGo, Fidelity Digital Assets, and Paxos Trust Company, already had state charters but received conditional approval for conversions to a national trust bank. …

---

Filed under: News - @ December 13, 2025 12:25 am