OCC Approves Crypto.com Trust Bank Charter

Crypto.com, a leading digital asset exchange, received conditional approval from the Office of the Comptroller of the Currency on February 23, 2026, to establish a national trust bank charter, marking a significant step toward federal regulation of its custody services.

The approval applies to Foris Dax National Trust Bank, which will operate under the name Crypto.com National Trust Bank. Once fully authorized, the entity will provide services including digital asset custody, staking across multiple blockchains, and trade settlement under direct oversight from the OCC. The charter does not extend to accepting cash deposits or issuing loans. Crypto.com submitted its application in October 2025, following years of building a compliance record across various jurisdictions. The company's existing Crypto.com Custody Trust Company, regulated by the New Hampshire Banking Department, will continue operations uninterrupted, with both entities expected to function independently after full approval.

"This conditional approval is the latest testament to both our commitment to compliance and to providing customers trusted and secure services they expect from Crypto.com," said Kris Marszalek,...