Crypto.com Seeks OCC Approval for National Trust Bank Charter to Expand Custody Services

Crypto.com has filed an application with the Office of the Comptroller of the Currency (OCC) for a National Trust Bank Charter, signaling a strategic push into regulated custody solutions for institutional clients. The MOVE aligns with growing demand for federally supervised digital asset services but does not involve traditional banking operations.

CEO Kris Marszalek emphasized the company's focus on becoming a trusted, regulated gateway for institutional crypto adoption. Approval would position Crypto.com alongside a select group of crypto-native firms operating under federal oversight, potentially accelerating institutional participation in digital asset markets.

The OCC's evolving stance on crypto custodians reflects regulatory recognition of digital assets as a legitimate asset class. Crypto.com's application arrives as competitors race to establish compliant infrastructure for ETFs, hedge funds, and corporate treasuries entering the space.