Stripe-Owned Bridge Gains Conditional OCC Approval for National Trust Bank Charter
Stripe's stablecoin subsidiary Bridge has secured conditional approval from the Office of the Comptroller of the Currency to operate as a national trust bank. The February 12 decision positions Bridge to custody digital assets, issue stablecoins, and manage reserves under federal supervision—joining peers like Circle, Ripple, and Fidelity Digital Assets in the regulated crypto banking space.
The MOVE signals accelerating institutional adoption of blockchain-based financial infrastructure. Bridge's application, filed in October 2025, follows a wave of similar approvals granted last December. Regulatory clarity remains contentious as the American Bankers Association urges caution pending finalization of GENIUS Act provisions.