Crypto.com gets conditional US approval for national trust bank charter

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Crypto.com gets conditional US approval for national trust bank charter

Bitcoin Conference 2022 in Miami Beach · Reuters

Reuters

Tue, February 24, 2026 at 5:36 AM GMT+9 1 min read

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Feb 23 (Reuters) - Crypto.com said on Monday it has received conditional approval ‌from the Office of the Comptroller ‌of the Currency for a national trust bank charter, ​paving the way for the digital assets firm to become a federally regulated custodian.

The approval comes as the U.S. adopts a ‌markedly more ⁠crypto-friendly stance under President Donald Trump, with regulators rolling back earlier ⁠restrictions and enforcement actions.

The charter would allow Crypto.com to manage and hold client assets, ​and handle ​trade settlement within ​a federally regulated ‌structure, but not permit cash deposits or loan sanctions.

The company said that once fully approved, it would operate as a federally regulated national trust bank subject to OCC ‌oversight.

Analysts have said that ​a national trust bank ​charter is ​key for crypto-native companies to ‌attract institutional clients and integrate ​more deeply ​with the traditional financial system.

Founded in 2016, Crypto.com is a popular digital ​assets exchange, ‌listing over 400 tokens on its ​platform.

(Reporting by Manya Saini in Bengaluru; ​Editing by Shinjini Ganguli)

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