Crypto.com Secures Conditional Approval for Federally Regulated National Trust Bank

Crypto.com has taken a significant step towards establishing itself as a leading player in the digital assets market with the receipt of conditional approval from the Office of the Comptroller of the Currency (OCC) to establish a federally regulated national trust bank.

The new entity, Foris Dax National Trust Bank, will operate as Crypto.com National Trust Bank once fully approved and will focus on providing digital asset services such as custody, staking, and trade settlement under federal oversight. This move is seen as a major step towards providing institutional clients with a single, trusted infrastructure for their digital assets needs.