Latin America's largest digital bank Nubank receives conditional approval from the US OCC to provide digital asset custody services

2026-01-30 13:22:04

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Deep Tide TechFlow News, January 30th, according to CoinDesk, Latin America’s largest digital bank Nu (NYSE: NU) has received conditional approval from the Office of the Comptroller of the Currency (OCC) to establish a branch in the United States and provide services.

Once final approval is obtained, Nubank will be able to offer deposit accounts, credit cards, loans, and digital asset custody services under a comprehensive federal banking regulatory framework. Before officially launching, Nubank must meet specific conditions set by the OCC and obtain approval from the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve.

According to regulatory requirements, Nubank must complete institutional capitalization within 12 months and open a bank within 18 months. The company has begun establishing business centers in Miami, the San Francisco Bay Area, Northern Virginia, and the Research Triangle in North Carolina.

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