Crypto.com Applies for U.S. Banking License as It Expands Custody Ambitions

￰0￱ has filed an application with the ￰1￱ of the Comptroller of the Currency (OCC) in a bid to secure a banking license — a move that could dramatically expand its reach across the ￰2￱ company says the new status would help it scale custody services for institutional clients, corporate treasuries, ETFs, and professional investors, including the ability to store and stake digital assets across multiple blockchains such as ￰3￱ the License Matters for ￰4￱ If approved, the banking license would allow ￰5￱ to operate at the federal level, unlocking broader access to the ￰6￱ and strengthening its position in the fast-growing crypto custody ￰7￱ has become one of the most competitive sectors in digital finance as more institutions seek secure, regulated solutions for token storage and staking.

“Building Crypto. com's products and services through regulated and secure solutions has been our priority since day one. We're excited to take this next step,” said co-founder and CEO Chris ￰8￱ Push Continues ￰9￱ emphasized that the filing will not affect its existing subsidiary, ￰10￱ Custody Trust Company, which remains fully operational under New Hampshire banking ￰11￱ move mirrors a growing industry ￰12￱ Labs made a similar filing in July 2025, underscoring how major crypto firms are accelerating their shift into traditional finance ￰13￱ a banking license would mark one of the most significant milestones in Crypto. com’s ￰14￱ and strengthen its message to regulators, investors, and institutions: crypto platforms want to be part of the regulated financial system, not outside ￰15￱ institutional crypto adoption climbing and ETF momentum accelerating, timing could hardly be more strategic.