Crypto.com Secures Conditional OCC Approval to Launch National Trust Bank

TheNewsCryptoPublished on 2026-02-23Last updated on 2026-02-23

Abstract

Crypto.com has received conditional approval from the Office of the Comptroller of the Currency (OCC) to establish Crypto.com National Trust Bank. This marks a significant milestone in the company's efforts to offer federally regulated custodial services, including custody, staking, and trade settlement for digital assets. Once fully approved, the bank will operate as a national trust bank under OCC supervision. CEO Kris Marszalek stated that this step reinforces the company's commitment to compliance and positions it as a qualified custodian for institutional clients under federal oversight. The application was submitted in October 2025, and the approval does not affect current operations.

Today, Crypto.com made the announcement that it has been granted conditional approval by the Office of the Comptroller of the Currency (OCC) to establish Foris Dax National Trust Bank, which will be known as Crypto.com National Trust Bank.

Crypto.com has reached a significant milestone in the process of providing its industry-leading custodial services, which include custody, staking of assets across various blockchains and digital asset protocols, including Cronos, and trade settlement. This approval, which is conditional, has allowed Crypto.com to become a federally regulated institution, further establishing Crypto.com as the qualified custodian of choice.

After receiving final approval, Crypto.com National Trust Bank will function as a national trust bank that is regulated by the federal government and is subject to the monitoring of the OCC.

“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,” said Kris Marszalek, Co-Founder and CEO of Crypto.com. “This milestone brings us a major step closer to meeting leading institutions’ needs for a one-stop-shop qualified custodian under a gold standard of federal oversight.”

The application that Crypto.com filed to the OCC was received in October of 2025. The regulatory, compliance, and security licenses and certifications possessed by Crypto.com continue to position the company at the forefront of its sector.

Crypto.com Custody Trust business is a Qualified Custodian that is governed by the New Hampshire Banking Department as a non-depository trust company. This conditional permission does not have any influence on the firm’s ability to continue operations and provide professional services to its clients.

Crypto.com was established in 2016, and it has since become the industry leader in terms of regulatory compliance, security, and privacy since it is trusted by millions of users all over the globe. Its mission is straightforward: to make crypto accessible to everyone via the use of every wallet. Crypto.com is dedicated to advancing the adoption of cryptocurrency through innovation.

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159 Total ViewsPublished 2024.04.06Updated 2024.12.03

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