OCC Greenlights Five Crypto Firms for National Trust Charters

[madmax]

The U.S. Office of the Comptroller of the Currency (OCC) has conditionally approved five digital asset companies—including Ripple, Paxos, BitGo, Fidelity Digital Assets, and Circle—for national trust bank charters.

These charters provide federal supervision, nationwide authority, and the ability to custody institutional assets. Each approval remains conditional, requiring firms to meet operational, governance, and compliance standards before final authorization.

[Abdul Khan]

OCC approval gives crypto firms stronger legitimacy in the US financial system.