Crypto.com Gains Conditional Approval from US Regulator for National Bank Trust Charter

Crypto.com has made significant progress in its bid to become a major player in the digital assets industry with the securing of a conditional national bank trust charter from the US Office of the Comptroller of the Currency (OCC).

The OCC approval would allow Crypto.com to operate as a federally regulated custodian, providing custody services for digital asset treasuries, exchange-traded funds, and other institutional clients.

According to regulatory experts, national trust bank charters can provide certain benefits by reducing the need for multiple state licenses and streamlining compliance across jurisdictions.