Crypto.com Wants a National Trust Bank License – What Would a Federal License Really Change?

￰3￱ has officially filed an application with the ￰4￱ of the Comptroller of the Currency (OCC) for a National Trust Bank Charter, a move that could place the company among a small group of crypto firms seeking federal recognition in ￰5￱ filing marks a major step in the exchange’s long-term effort to expand its regulated financial services footprint in the United ￰6￱ Joins a Growing List of Firms Pursuing a Federal Charter In its announcement , ￰7￱ said the charter would allow it to advance its custody and staking technology while offering services across multiple blockchains, including its native Cronos ￰8￱ company emphasized that a federal license would position it as a trusted custody destination for digital asset treasuries, exchange-traded funds (ETFs), and institutional investors, all under the oversight of a ￰9￱ regulator. ￰0￱ has filed a National Trust Bank Charter application with the@USOCC.

Read more ￰1￱ ￰10￱ — ￰11￱ (@cryptocom) October 24, 2025 “Building the ￰12￱ product and service portfolio through regulated and secure offerings has been our focus since day one,” said Kris Marszalek, the firm’s co-founder and ￰13￱ described the new filing as a natural progression in Crypto. com’s mission to build secure, compliant, and institutionally friendly crypto ￰14￱ now joins an elite list of firms , including Coinbase , Circle , Paxos , Stripe, Ripple , Sony , and others that have submitted similar applications.) July 11, 2025 In recent months, the OCC has granted conditional approval to Erebor Bank, a digital-first institution backed by Peter Thiel and Palmer Luckey, suggesting that regulators are once again willing to test responsible crypto banking ￰15￱ has stated publicly that the OCC “does not impose blanket barriers” on banks pursuing digital asset activities, a shift from the regulator’s previously cautious stance following the 2023 collapse of several crypto-friendly ￰16￱ chief @USComptroller tells bankers any stablecoin deposit flight "would not happen overnight" as digital currency market tops $302B—up from $205B in January ￰2￱ — ￰17￱ (@cryptonews) October 21, 2025 This week, he also rejected fears that stablecoins could trigger sudden banking crises , calling the risk of large deposit runs “overstated.” Path to Federal Charters Narrows as Banking Groups Urge OCC to Halt Crypto Applications Still, the path to a federal charter remains far from ￰18￱ OCC has received more than 16 applications from fintech and crypto firms seeking national trust status, but only one has been approved to ￰19￱ have stalled amid lobbying from traditional banking groups, who argue that crypto companies do not yet meet the fiduciary standards expected of national trust ￰20￱ July, the American Bankers Association (ABA), joined by other banking and credit union associations, sent a letter urging the OCC to pause crypto-related charter approvals.) compliance and risk ￰21￱ OCC has maintained that applicants must demonstrate robust governance, capital adequacy, and internal controls before receiving ￰22￱ the agency has grown more open under Gould’s leadership, approvals remain slow as regulators test new supervisory models for digital asset institutions.