Nubank’s U.S. Expansion Unlocks Crypto Banking for 127 Million Customers
Nubank, Latin America’s largest digital bank, has secured conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to open a national bank branch. This milestone paves the way for the fintech giant to offer crypto asset custody alongside traditional banking services like deposits, credit cards, and lending in the U.S. market.
The bank must now navigate regulatory hurdles, including approvals from the FDIC and Federal Reserve, while meeting capitalization and operational timelines. Cristina Junqueira, Nubank’s co-founder, will spearhead U.S. operations, with former Central Bank of Brazil President Roberto Campos Neto chairing the local board.
Strategic hubs in Miami, San Francisco, and other tech-forward regions position Nubank to build a compliant yet competitive crypto banking infrastructure. The MOVE signals growing institutional recognition of digital assets as core financial products.
