Crypto.com Wins Conditional Approval for US National Trust Bank Charter

[bonk]

Crypto.com has received conditional approval from the Office of the Comptroller of the Currency (OCC) to charter Foris Dax National Trust Bank, which will operate as Crypto.com National Trust Bank. The milestone follows the company’s application in October 2025 and represents a key step toward deeper integration into the US financial system. However, conditional approval is only a preliminary stage — Crypto.com must still meet additional regulatory and operational requirements before receiving full authorization.

The company clarified that the approval does not impact the operations of its existing Crypto.com Custody Trust Company, which remains regulated by the New Hampshire Banking Department. CEO Kris Marszalek described the move as a major advancement in providing institutional-grade custody under federal oversight. If finalized, the national trust charter would enhance Crypto.com’s credibility, centralize regulatory supervision at the federal level, and position the firm to better serve large institutional clients.

[chainsniff]

crypto dot com becoming a national trust bank while gamers can’t even trust servers to stay up

[The_Walking_Dead]

From exchange to federally supervised trust bank is a big leap.

[bred]

Institutional push getting more serious by the day.

[Capybara_Capybara]

Conditional approval is progress, not victory yet.

[Revenant]

Federal oversight could change the credibility game.

[d82ae58262]

Treasury hacks keep testing Solana projects.