Crypto.com Eyes U.S. OCC Charter & License for Crypto Custody
Crypto.com has applied to the U.S. Office of the Comptroller of the Currency (OCC) for a national trust bank charter and federal banking license, aiming to expand its regulated crypto custody services nationwide. If approved, Crypto.com can offer institutional clients, corporate treasuries, ETFs and professional investors enhanced custody, safekeeping and staking services across multiple blockchains—without holding FDIC-insured deposits or issuing traditional loans.
The filing supplements its New Hampshire–chartered Crypto.com Custody Trust Company and follows similar OCC filings by Coinbase, Circle and Ripple Labs. This strategic move underscores a broader industry shift toward institutional finance and regulation, streamlines asset segregation standards, and is expected to boost market confidence and institutional demand for secure crypto custody.
Bullish
The application for a U.S. OCC charter and federal banking license is likely bullish for Crypto.com’s native token (CRO). In the short term, it signals increased regulatory clarity and could attract institutional inflows into its custody services, driving demand. In the long term, a federal charter would enhance Crypto.com’s credibility, expand service offerings and strengthen market positioning, supporting sustained growth in token utility and valuation.