Global: Crypto.com Secures Conditional Approval for US National Trust Bank Charter

The Office of the Comptroller of the Currency (OCC) has granted conditional approval to charter Foris Dax National Trust Bank, operating as Crypto.com National Trust Bank.

The approval clears a key regulatory hurdle, enabling Crypto.com to offer custodial services as a federally regulated institution in the United States. These services will include digital asset custody, staking across multiple blockchain networks and protocols — including Cronos — as well as trade settlement capabilities.

Commenting on the development, Kris Marszalek, Chief Executive Officer of Crypto.com, described the approval as a major milestone.

“This milestone brings us a significant step closer to meeting the needs of leading institutions seeking a one-stop-shop qualified custodian operating under a gold standard of federal oversight,” he said.

The move positions Crypto.com among a growing list of digital asset firms pursuing national trust bank charters amid a more accommodating regulatory climate in the United States. Other industry players that have sought similar approvals include Bridge, Coinbase, Circle, Paxos, and Ripple.

Industry observers say the trend underscores a broader push by crypto firms to strengthen regulatory credibility, enhance institutional trust, and integrate more deeply into the traditional financial system.