Crypto.com Moves Closer To Full Bank Status With Conditional US Charter Approval
Crypto.com has secured conditional approval from the Office of the Comptroller of the Currency (OCC) to establish Foris Dax National Trust Bank, operating as Crypto.com National Trust Bank upon full authorization. This milestone underscores the company's commitment to regulatory compliance and customer protection, positioning it as a federally supervised qualified custodian.
The firm plans to offer custody, multi-chain staking, and trade settlement services under a regulated framework. CEO Kris Marszalek emphasized the strategic advantage of becoming a "one-stop shop" for digital asset services, including its Cronos network.
The OCC has similarly approved trust charters for other major players like Circle, Ripple, and Paxos, signaling growing institutional adoption of crypto infrastructure. Stablecoin provider Bridge, owned by Stripe, recently joined this expanding cohort.
