Crypto.com Gets Conditional Approval to Launch National Trust Bank
Crypto.com said it has received conditional approval from the U.S. Office of the Comptroller of the Currency to establish a federally regulated national trust bank, marking a significant step in the digital-asset platform’s push to expand its U.S. footprint.
Key Takeaways:
- Crypto.com received conditional approval from the OCC for a national trust bank charter.
- The entity would operate as a federally regulated national trust bank under OCC oversight.
- The move strengthens Crypto.com’s position as a qualified custodian for institutions.
- Existing custody operations in New Hampshire remain unaffected.
The conditional approval would allow the company to charter Foris Dax National Trust Bank, doing business as Crypto.com National Trust Bank, subject to meeting the regulator’s requirements before final authorization is granted.
We are proud to announce that https://t.co/vCNztATkNg has received conditional approval from @USOCC for its national trust bank charter.
Read more here: https://t.co/gcGdaUG0Li pic.twitter.com/eMq434fapX
— Crypto.com (@cryptocom) February 23, 2026
Institutional Custody Push
Once fully approved, the bank would provide digital-asset custody, staking services across multiple blockchains and protocols – including Cronos – and trade-settlement services within a federally supervised framework.
The approval advances Crypto.com’s ambition to position itself as a “qualified custodian” for institutional investors seeking regulated digital-asset storage solutions. Federal oversight by the OCC is often viewed as a gold standard in U.S. banking regulation, potentially making the platform more attractive to asset managers and other large financial institutions navigating tightening compliance standards.
“This conditional approval is the latest testament to both our commitment to compliance and to providing customers trusted and secure services,” Chief Executive Officer Kris Marszalek said in a statement. He added that the milestone brings the firm closer to offering a one-stop-shop custody solution for institutional clients under federal supervision.
Crypto.com submitted its application for the charter in October 2025. The company said the approval does not affect operations at Crypto.com Custody Trust Company, its New Hampshire-regulated non-depository trust entity, which will continue servicing clients as a qualified custodian.
The announcement comes as digital-asset firms increasingly seek federal charters and clearer regulatory standing in the U.S., amid ongoing efforts to bridge traditional finance and crypto infrastructure under established supervisory regimes.
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