Crypto.com Secures Conditional Approval from OCC for National Trust Bank Charter

Crypto.com received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) on Monday to charter a federally regulated national trust bank. The approval paves the way for the establishment of Foris Dax National Trust Bank, which will operate as Crypto.com National Trust Bank once it obtains full authorization. The milestone marks a key step in the company’s effort to bring its custody and digital asset services under federal oversight. Path to Federal Regulation and Institutional Custody Crypto.com already operates a qualified custodian, Crypto.com Custody Trust Co., under New Hampshire state regulation. The OCC charter would

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