Crypto.com filed an application with the U.S. Office
of the Comptroller of the Currency (OCC) to become a National Trust Bank in a
major push to expand its custody and staking services for corporate and
institutional investors.
Digital assets meet tradfi in London at the fmls25
Expanding Custody and Staking
The charter would reportedly allow the crypto exchange
to offer custody and staking across multiple blockchains and digital asset
protocols, including Cronos. The company aims to attract Digital Asset
Treasuries, Exchange Traded Funds, and other institutional clients, providing a
federally regulated alternative for managing digital assets.
“Building the Crypto.com product and service portfolio
through regulated and secure offerings has been our focus since day one,” said
Kris Marszalek, Co-Founder and CEO of Crypto.com.
“We are excited to take this next step by filing for a
National Trust Bank Charter and look forward to continuing to pursue
opportunities to provide customers with the trusted services they require,” he added.
The filing will not affect Crypto.com Custody Trust
Company’s ongoing operations. The company remains a Qualified Custodian
regulated by the New Hampshire Banking Department.
A Step Toward Institutional Leadership
By pursuing federal regulation, Crypto.com aims to position
itself as a custody partner for corporate investors while maintaining
flexibility to innovate in digital asset management. Crypto.com joins other crypto exchanges seeking a
banking charter. Recently, Ripple applied for the same to allow the crypto firm
to expand its services nationwide under federal oversight.
True to our long-standing compliance roots, @Ripple is applying for a national bank charter from the OCC. If approved, we would have both state (via NYDFS) and federal oversight, a new (and unique!) benchmark for trust in the stablecoin market.Earlier in the week via… https://t.co/IdiR7x3eWZ
— Brad Garlinghouse (@bgarlinghouse) July 2, 2025
Around the same time, Stablecoin issuer Circle also submitted an application to the U.S. Office of the Comptroller of the Currency to
establish a national trust bank to oversee its stablecoin reserve.
“Establishing a national digital currency trust bank of this kind marks a significant milestone in our goal to build an internet financial system that is transparent, efficient, and accessible,” said Circle Co-Founder, Chairman, and CEO Jeremy Allaire. Coinbase also joined the banking charter bandwagon this
month as crypto eyes mainstream adoption.
This article was written by Jared Kirui at www.financemagnates.com.
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