Crypto.com, a digital asset platform that provides trading, custody, and payment services, today received conditional approval from the Office of the Comptroller of the Currency to obtain a federally chartered national trust bank license.
This approval will allow exchanges to offer asset storage and staking under federal oversight, rather than circumventing a patchwork of state regulators.
“This conditional approval is the latest testament to both our commitment to compliance and providing the reliable and secure service our customers have come to expect from Crypto.com,” said co-founder and CEO Chris Marszalek.
The Singapore-based company filed for incorporation in October 2025. Once fully licensed, Foris Dax National Trust Bank will operate under the name Crypto.com National Trust Bank.
The company joins a growing number of digital asset companies pursuing federal bank status. Bridge received conditional approval last week, while Ripple, Circle, BitGo, Fidelity Digital Assets, and Paxos previously received similar approvals.
The National Trust Charter places financial institutions under unified federal supervision, gives them authority to protect customer funds, and potentially exempts holders from certain state-level licensing requirements for custodial operations.
Over the past year, the OCC has taken several steps to ease banks’ involvement in digital assets. Regulators confirmed that nationally licensed institutions can buy and sell cryptocurrencies on behalf of their customers, reversing previous guidance that industry observers deemed restrictive.
