{"id":36624,"date":"2026-02-23T21:54:59","date_gmt":"2026-02-23T21:54:59","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=36624"},"modified":"2026-02-23T21:54:59","modified_gmt":"2026-02-23T21:54:59","slug":"crypto-com-receives-conditional-approval-for-u-s-national-trust-bank-charter","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=36624","title":{"rendered":"Crypto.com Receives Conditional Approval for U.S. National Trust Bank Charter"},"content":{"rendered":"

Bitcoin Magazine<\/a>
\n
\nCrypto.com Receives Conditional Approval for U.S. National Trust Bank Charter<\/a><\/p>\n

<\/div>\n

Crypto.com announced Monday that it has received conditional approval from the Office of the Comptroller of the Currency to establish a national trust bank in the United States.\u00a0<\/p>\n

The move represents a major step toward federal oversight for the digital-asset exchange, allowing it to offer institutional-grade custody, staking, and trade settlement services under direct OCC supervision.<\/p>\n

The new entity, Foris Dax National Trust Bank \u2014 which will operate as Crypto.com National Trust Bank once fully authorized \u2014 will function as a limited-purpose national trust bank.\u00a0<\/p>\n

It will not accept deposits or issue loans, but will focus exclusively on digital-asset services. Conditional approval permits Crypto.com<\/a> to proceed with its plans, though the company must meet pre-opening requirements related to capital, governance, risk controls, and internal policies before final approval is granted.<\/p>\n

Crypto.com already operates Crypto.com Custody Trust Company, a non-depository trust firm regulated by the New Hampshire Banking Department.\u00a0<\/p>\n

Crypto.com: A one-stop crypto custodian<\/h2>\n

The federal charter would sit alongside this existing state-level entity, offering institutions a \u201cone-stop\u201d qualified custodian under a single federal regulatory framework. According<\/a> to CEO Kris Marszalek, the approval underscores the firm\u2019s commitment to compliance and providing secure, regulated services for customers.<\/p>\n

\u201cThis 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,\u201d Marszalek said. \u201cThis milestone brings us a major step closer to meeting leading institutions\u2019 needs for a one-stop-shop qualified custodian under a gold standard of federal oversight.\u201d<\/p>\n

According to Bloomberg, Marszalek was one<\/a> of the first crypto executives to meet with Trump at Mar-a-Lago following his 2024 election victory. The company subsequently contributed $1 million to Trump\u2019s inauguration committee and has given eight-figure donations to MAGA Inc., a conservative political action committee.<\/p>\n

In January, the exchange added another $5 million to MAGA Inc., according to a recent filing.<\/p>\n

The announcement positions the exchange among a growing wave of digital-asset firms pursuing national trust charters<\/a>, including Circle Internet Group, Paxos, BitGo, and Fidelity Digital Assets.\u00a0<\/p>\n

For institutional investors, such federal oversight provides regulatory clarity, simplifies compliance, and strengthens confidence in digital-asset custody solutions.\u00a0<\/p>\n

Earlier this month, Marszalek acquired<\/a> the AI.com domain for about $70 million in cryptocurrency, planning to launch a consumer AI platform under the brand. <\/p>\n

The purchase, brokered by Larry Fischer, is believed to be the largest domain name transaction to date, with the domain previously listed at $100 million.<\/p>\n

This post Crypto.com Receives Conditional Approval for U.S. National Trust Bank Charter<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Micah Zimmerman<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Crypto.com Receives Conditional Approval for U.S. National Trust Bank Charter Crypto.com announced Monday that it has received conditional approval from the Office of the Comptroller of the Currency to establish a national trust bank in the United States.\u00a0 The move represents a major step toward federal oversight for the digital-asset exchange, allowing it […]<\/p>\n","protected":false},"author":1,"featured_media":36625,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[],"tags":[],"class_list":["post-36624","post","type-post","status-publish","format-standard","has-post-thumbnail"],"yoast_head":"\nCrypto.com Receives Conditional Approval for U.S. National Trust Bank Charter - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=36624\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto.com Receives Conditional Approval for U.S. National Trust Bank Charter - 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