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Crypto.com has received conditional approval from the Office of the Comptroller of the Currency (OCC) for a national trust bank charter — a move that could strengthen its position as a regulated digital asset custodian in the US.
The approval allows the company to establish Foris Dax National Trust Bank, which will operate under the name Crypto.com National Trust Bank, provided it meets all regulatory requirements before final authorization.
If the process is successfully completed, the institution will function as a federally regulated national trust bank under the supervision of the OCC.
Focus on institutional custody
Following final approval, the new entity will offer digital asset storage, staking services across multiple blockchains – including Cronos – as well as trade settlement services within a federally regulated environment.
Status under OCC supervision is often perceived as the “gold standard” in US banking regulation. This could boost the platform’s appeal among institutional investors and asset managers looking for regulated digital asset storage solutions amidst tightening compliance requirements.
CEO Kris Marszalek stated that the conditional approval is a testament to the company’s commitment to regulatory compliance and service security. According to him, the goal is to build a comprehensive institutional custody solution under federal supervision.
Crypto.com filed the license application in October 2025. The company specified that the approval does not affect the operations of Crypto.com Custody Trust Company – its unregistered deposit trust company regulated in New Hampshire, which will continue to serve clients as a qualified custodian.
Part of a broader trend
The news comes amidst growing interest from crypto companies in federal licenses and clearer regulatory status in the US. The sector is increasingly active in seeking integration with the traditional financial system through established supervisory regimes, particularly in the segments of institutional custody and digital asset settlement.
If final approval is obtained, Crypto.com will join a limited circle of digital platforms with direct federal banking supervision – a strategic advantage in an environment of intensifying regulation and institutional interest in crypto infrastructure.