Nubank Gets Approval to Open a National Bank in the USA

OnChainSleuth · 2026-02-13T12:13:26+00:00

Nubank has received conditional approval for a national bank charter in the U.S., marking its transition to a traditional banking model. This allows the fintech giant to expand services in the American market and potentially enhance access to cryptocurrency solutions for customers.

OnChainSleuth

2026-02-13 12:13:26

Abstract generation in progress

Nubank, a digital financial services platform with a well-known stance supporting cryptocurrencies, recently received conditional approval from the U.S. Office of the Comptroller of the Currency to establish a national bank in America. This decision marks a crucial milestone for Latin America’s largest fintech, solidifying its intention to expand its service portfolio in the American market.

What This Approval Means for Nubank and the Digital Banking Market

Obtaining a national bank license is not just an administrative formality but a fundamental step in transforming Nubank from a pure fintech institution into a fully-fledged bank. With this approval, Nubank will be able to engage in traditional banking operations, including customer deposits and lending, significantly broadening its scope of activities. This development reflects the increasing confidence of American authorities in innovative digital banking models.

International Expansion and Access to the American Market

For Nubank, this move represents a natural extension of its international growth strategy. After success in Brazil and other Latin American markets, the fintech giant now aims to strengthen its presence in the world’s largest financial market. Opening a national bank in the U.S. paves the way for Nubank to offer a wider range of products and services to American customers.

A Cryptocurrency-Friendly Approach within the Traditional Banking System

What sets Nubank apart from other traditional institutions is its progressive attitude toward cryptocurrencies and blockchain technologies. By obtaining a banking license, Nubank has the potential to introduce more modern perspectives into the American banking system, possibly making it easier for clients to access crypto services. This could mark a shift in how traditional banks relate to the digital asset ecosystem.

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