KEY TAKEAWAYS
- Crypto.com has received conditional approval from the OCC to establish Crypto.com National Trust Bank.
- This approval allows Crypto.com to enhance its custodial services, including asset custody and staking.
- The new bank will operate as a federally regulated national trust bank under OCC oversight once fully approved.
- Crypto.com continues to lead in regulatory compliance and security certifications.
February 23, 2026 – Crypto.com has announced that it has received conditional approval from the Office of the Comptroller of the Currency (OCC) to charter Foris Dax National Trust Bank, operating as Crypto.com National Trust Bank. This development marks a significant milestone for the company as it moves towards providing federally regulated custodial services.
With this conditional approval, Crypto.com aims to enhance its custodial services, which include custody, staking of assets across various blockchains and digital asset protocols, including Cronos, and trade settlement. Once fully approved, the Crypto.com National Trust Bank will function as a federally regulated national trust bank under the oversight of the OCC.
In a statement, Kris Marszalek, Co-Founder and CEO of Crypto.com, emphasized the importance of this approval. He stated, “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.” Marszalek further noted that this milestone brings the company closer to meeting the needs of leading institutions for a comprehensive qualified custodian under federal oversight.
Crypto.com submitted its application to the OCC in October 2025. The company continues to lead the industry in regulatory, compliance, and security licenses and certifications. The conditional approval does not affect the operations of Crypto.com Custody Trust Company, which remains a Qualified Custodian regulated by the New Hampshire Banking Department as a non-depository trust company.
For more information, visit the official announcement here.
Why This Matters: Impact, Industry Trends & Expert Insights
Crypto.com has received conditional approval from the OCC to charter Foris Dax National Trust Bank, marking a pivotal step towards providing federally regulated custodial services.
A Pillsbury Law report highlights a surge in applications for national trust bank charters, driven by supportive regulatory changes. This trend aligns with Crypto.com’s efforts to enhance its custodial services under federal oversight.
A Paul Hastings insight explains that the OCC’s conditional approval process involves a thorough evaluation, which underscores the significance of Crypto.com’s recent approval. This supports the company’s strategic move to cater to institutional investors by offering regulated custodial services.
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