EDX Markets Seeks US Trust Bank Charter for Crypto Integration
EDX Markets, the Citadel Securities-backed cryptocurrency exchange, has filed an application with the Office of the Comptroller of the Currency for a national trust bank charter. The move aims to bring digital asset operations under federal banking supervision, enabling custody, asset management, and principal trading services while maintaining its order-matching platform.
The proposed trust bank model would separate custody and settlement functions from trading activities—a structural shift designed to mitigate operational conflicts and risks inherent in current crypto exchange models. EDX's filing, made public April 1, signals growing institutional efforts to bridge decentralized finance with traditional regulatory frameworks.