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>>Crypto.com Secures OCC Approval, Marking a Milestone for U.S. Digital Asset Custody and Regulation

Crypto.com Secures OCC Approval, Marking a Milestone for U.S. Digital Asset Custody and Regulation

crypthub

about 7 hours ago

OCC Approval Highlights

The U.S. Office of the Comptroller of the Currency gave Crypto.com conditional approval to launch a national trust bank. The charter permits federally supervised custody of digital assets across the United States. It follows a similar OCC nod to Bridge and signals a maturing regulatory stance toward crypto.

Charter Scope and Requirements

The trust bank may not accept deposits or offer lending; its core service is secure custody of assets like Bitcoin and Ethereum. Operating under a single federal charter removes the need for a patchwork of state money‑transmitter licenses. OCC reviewers examined Crypto.com’s resilience, compliance and financial stability after its October 2025 filing.

Market Implications and Next Steps

The approval creates a regulated bridge between traditional finance and decentralized finance, encouraging institutional participation and new products such as crypto ETFs. It pressures legacy banks to accelerate their own crypto offerings. Crypto.com now must finalize capital, technology, and governance plans before the OCC grants a full operational charter.