Crypto.com Secures Conditional Approval for National Trust Charter

Crypto.com has made significant progress in its bid to establish itself as a major player in the US financial sector with the conditional approval of its national trust charter by the Office of the Comptroller of the Currency (OCC).

The OCC's decision marks a key milestone for Crypto.com, which aims to operate as a federally regulated national trust institution. The company plans to use the charter to establish a trust bank structure that is specifically designed for digital asset services.

Crypto.com has stated that it will use the new charter to deliver institutional-grade custodial services under a national framework, including custody trade settlement and support for assets across multiple blockchains. The company's existing custodial operations will continue to be regulated by the New Hampshire Banking Department.