Crypto.com is the latest entrant in the cryptocurrency sector pursuing the US National Trust Bank Charter, which would enable the exchange to broaden its custody and staking offerings within the country.
In a recent announcement made on a Friday, the Singapore-based platform revealed intentions to offer federally regulated custody solutions for digital asset treasuries, exchange-traded funds (ETFs), and a variety of institutional as well as corporate clientele under the oversight of the Office of the Comptroller of the Currency (OCC).
A National Trust Bank Charter allows a business to function as a limited-purpose trust bank, concentrating on asset management and safeguarding rather than on deposit collections or loan distributions.
Notably, Crypto.com is already authorized as a trust in New Hampshire.
Other Crypto Firms Eye Federal Bank Charters
Crypto.com is not alone in its application for a US National Trust Bank Charter, as multiple crypto firms have shown interest in this initiative. In April 2025, it was reported that companies like BitGo and Circle were considering similar charter applications.
Anchorage Digital Bank has been operating under a National Trust Bank Charter since January 2021. Meanwhile, Paxos, known for its stablecoin issuance, received preliminary conditional approval for the same charter that year.
Coinbase also submitted an application on October 3, expressing that while it “does not aim to become a bank,” the charter would assist in launching new products with clearer regulatory guidance.
Excerpt from Coinbase’s announcement
Source: Coinbase
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