Crypto.com has applied to the U.S. Office of the Comptroller of the Currency (OCC) for a national trust bank charter, a step it says would expand its federally supervised crypto-custody services for institutions.

In Friday’s announcement, the exchange framed the filing as an extension of its regulated, security-first push for large customers — ETF sponsors, corporates and advisers — focused on custody and staking-adjacent trust services across multiple blockchains. The company did not provide a review timeline and said the application does not affect operations at Crypto.com Custody Trust Company, its New Hampshire-chartered, non-depository trust that already serves institutions as a qualified custodian.

A national trust bank is a limited-purpose national bank supervised by the OCC for trust-company powers. In practice, it can provide custody, safekeeping and other fiduciary services nationwide; it is not a full-service commercial bank and does not take FDIC-insured deposits or make traditional loans. The OCC’s framework recognizes chartering banks that limit operations to trust activities under 12 U.S.C.

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Author: Siamak Masnavi