Crypto.com has taken a significant step toward expanding its regulatory footprint in the United States by applying for a National Trust Bank Charter with federal authorities. This move would allow the Singapore-based crypto exchange to offer federally regulated custody and trust services across the nation, catering to digital asset treasuries, ETFs, and institutional and corporate clients. The charter, issued by the Office of the Comptroller of the Currency (OCC), permits entities to act as limited-purpose trust banks, focusing on safeguarding client assets rather than traditional banking functions like deposits or loans. Already holding a trust license in New Hampshire, Crypto.com joins a growing list of crypto firms—including Anchorage Digital Bank, Paxos, and Coinbase—seeking to secure federal bank charters to enhance regulatory clarity and bring new products to market confidently. This initiative underscores Crypto.com’s commitment to operating within a robust regulatory framework and positioning itself as a trusted custodian in the evolving digital asset ecosystem.
Read more: https://cointelegraph.com/news/crypto-com-federal-us-trust-bank-charter-application