Crypto.com Receives Conditional Approval from OCC to Establish National Trust Bank in the US

Conditional Approval from OCC for National Trust Bank has announced that it received conditional approval from the United States Office of the Comptroller of the Currency (OCC) to establish a national trust bank.
This development paves the way for the exchange to expand its custody services under a federal regulatory framework and consolidate its operations under a single legal entity.
The bank will not accept deposits or provide loans.
Instead, it will focus on specialized services such as custody, staking, and trade settlement for digital assets, including those on the Cronos blockchain.
Strategic Move for Institutional Investors The national charter will allow to standardize its custody operations under federal supervision.
This structure holds strategic importance, particularly for exchange-traded funds (ETFs), asset managers, and institutional clients with high compliance standards.
Working with a federally regulated custodian helps institutional investors overcome trust barriers when entering the digital asset market.