Crypto.com receives conditional approval from the U.S. Office of the Comptroller of the Currency to establish a national trust bank

CycleProphet · 2026-02-24T01:00:59+00:00

Crypto.com has received conditional approval from the U.S. Office of the Comptroller of the Currency to establish Foris Dax National Trust Bank, offering custody and trading services. CEO Kris Marszalek stated that this move will meet institutional demand for federally regulated qualified custodians.

CycleProphet

2026-02-24 01:00:59

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Deep Tide TechFlow News, February 24 — According to official information from Crypto.com, the company has received conditional approval from the Office of the Comptroller of the Currency (OCC) to establish Foris Dax National Trust Bank (also known as Crypto.com National Trust Bank). Once fully approved, Crypto.com will operate as a federally regulated national trust bank, providing custody services, staking assets across various blockchain and digital asset protocols (including Cronos), and transaction settlement services.

Crypto.com CEO Kris Marszalek stated that this milestone brings the company closer to meeting the needs of leading institutions for a one-stop, federally regulated qualified custodian. The company submitted its application to the OCC in October 2025. This approval does not affect the ongoing operation of Crypto.com Trust Company as a qualified custodian regulated by the New Hampshire Banking Department.

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