Crypto.com Secures US OCC Conditional Approval for National Trust Bank Charter in Major Crypto Custody Milestone

Crypto.com, the Singapore-based cryptocurrency platform, has received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank.

This approval allows Crypto.com to charter Foris Dax National Trust Bank, operating as Crypto.com National Trust Bank, marking a significant step toward federal regulation.

Crypto.com's Journey to U.S. Federal Oversight

The company submitted its application to the OCC in October 2025, following years of building a reputation as a compliance leader in the crypto industry.

Historically, Crypto.com has expanded globally from its Singapore roots, securing various licenses to enhance security and trust for users worldwide.

Key Services Enabled by the Approval

The new trust bank will provide advanced custodial services, including asset custody, staking across multiple blockchains like Cronos, and trade settlement under federal oversight.

This positions Crypto.com as a preferred qualified custodian for institutional clients seeking robust, regulated solutions.

Existing operations at Crypto.com Custody Trust Company, regulated by the New Hampshire Banking Department, remain unaffected and continue seamlessly.

Industry Impact and Future Outlook

The milestone underscores the growing convergence of traditional banking and cryptocurrency, potentially accelerating mainstream adoption.

“This conditional approval is the latest testament to our commitment to compliance and secure services,” stated Kris Marszalek, Co-Founder and CEO of Crypto.com.

Looking ahead, full approval will enable Crypto.com National Trust Bank to serve as a one-stop-shop for institutions, fostering innovation in digital asset management.

With this U.S. expansion, Crypto.com reinforces its role in bridging Asia and American markets amid evolving global regulations.