Crypto.com Wins Conditional OCC National Trust Charter, Expands Federally Regulated Custody Services

Crypto.com has received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) for a national trust bank charter for its Foris Dax National Trust Bank (Crypto.com National Trust Bank). The charter permits federally regulated services including digital-asset custody, staking of custodied assets, and trade settlement, positioning Crypto.com to serve institutional clients as a qualified custodian under federal oversight. CEO Kris Marszalek called the decision a compliance milestone. Crypto.com joins other crypto firms — including Circle, Ripple, Paxos and Stripe’s Bridge — that have secured conditional OCC charters; Coinbase and World Liberty Financial have filed applications. The surge in charter applications follows the OCC’s guidance that banks may hold crypto assets and legislative steps on stablecoins (e.g., the GENIUS Act). Traditional banking groups, notably the American Bankers Association, are urging slower, more transparent approvals and stronger safety standards, reflecting tension between incumbent banks and crypto firms. For traders, the ruling signals growing regulatory integration of crypto custody into the U.S. banking system, which may increase institutional flows and improve custody counterparty confidence once final OCC conditions are met; however, remaining oversight steps, potential charter conditions, and wider regulatory responses will shape actual market impact.