Crypto.com Secures Conditional Approval for US National Trust Bank

Crypto.com has made significant strides in its bid to expand its presence in the US financial sector with the receipt of conditional approval from the Office of the Comptroller of the Currency (OCC) for a national trust bank charter.

The OCC's decision grants Crypto.com permission to establish Foris Dax National Trust Bank, doing business as Crypto.com National Trust Bank, subject to meeting regulatory requirements before final authorization is granted.

As a federally regulated national trust bank, Crypto.com would be able to provide digital-asset custody, staking services across multiple blockchains and protocols, including Cronos, and trade-settlement services within a federally supervised framework.