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Crypto.com Receives Conditional OCC Approval for National Bank Trust Charter

Crypto.com has received conditional approval from the U.S. Office of the Comptroller of the Currency for a national bank trust charter, positioning the firm to operate as a federally regulated digital asset custodian if it clears remaining regulatory conditions. The company applied in October and plans to offer custody services for digital asset treasuries, exchange-traded funds, and tokenized products to institutional clients under OCC oversight. The approval follows similar conditional charters granted by the OCC to Circle, Ripple, BitGo, Fidelity Digital Assets, and Paxos as policymakers debate how federal trust charters should interact with state licensing regimes and broader crypto custody rules.
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