Crypto.com has taken a significant step toward deepening its footprint in the United States by applying for a US National Trust Bank Charter. This federal license, granted by the Office of the Comptroller of the Currency (OCC), would empower the Singapore-based crypto exchange to provide federally regulated custody and trust services across the country. Unlike conventional banks, a National Trust Bank primarily focuses on safeguarding, managing, and holding assets for clients, rather than taking deposits or issuing loans. Already a licensed trust in New Hampshire, Crypto.com aims to expand its offerings to digital asset treasuries, exchange-traded funds (ETFs), and other institutional and corporate clients. This move reflects a broader industry trend, as several major crypto firms—including Anchorage Digital Bank, Paxos, BitGo, Circle, and Coinbase—seek similar charters to navigate regulatory frameworks and stimulate innovative financial products with greater confidence.”;