Crypto.com Seeks OCC National Trust Bank Charter — What It Means for Crypto Holders

Crypto.com has filed an application with the U.S. Office of the Comptroller of the Currency (OCC) for a national trust bank charter, aimed at expanding its federally supervised cryptocurrency custody services for institutions. This move aligns with the exchange's focus on regulated, security-first solutions for large clients—including ETF sponsors and corporate advisers—targeting custody and related trust services across multiple blockchains. The filing will not impact Crypto.com Custody Trust Company, its existing New Hampshire-chartered non-depository trust. If approved, the charter would allow the company to offer nationwide custody and fiduciary services without engaging in traditional banking activities like taking deposits or making loans. This precedent follows similar approvals for other crypto firms like Anchorage and Paxos in recent years. However, consumers should note that the proposal is primarily for institutional clients; immediate changes for the broader retail market are not anticipated, indicative of a shift towards tighter regulation in the crypto sector.

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