Crypto.com has received conditional approval from the Office of the Comptroller of the Currency to charter Foris Dax National Trust Bank, marking a significant regulatory step toward expanding its institutional digital asset services in the U.S. Once final approval is granted, the entity operating as Crypto.com National Trust Bank will function as a federally supervised national trust bank under OCC oversight.
Kris Marszalek, Co-Founder and CEO of Crypto.com, said the decision highlights the firm’s focus on regulatory compliance and secure digital asset services. He noted, “This conditional approval is the latest testament to both our commitment to compliance and to providing customers trusted and secure services they expect from Crypto.com,” adding that the milestone moves the company significantly closer to meeting the needs of major institutions by offering a one-stop-shop qualified custodian operating under a gold standard of federal oversight.
The development will allow the company to provide custody and settlement services for digital assets within a regulated banking framework. These services are expected to include digital asset custody, blockchain-based staking services across various protocols, including Cronos, and trade settlement infrastructure designed for institutional clients.
