Crypto.com has received conditional approval for a national bank trust charter from the U.S. Office of the Comptroller of the Currency (OCC), Cointelegraph reported on Feb. 23 local time.
The approval gives Crypto.com a basis to provide custody services nationwide in the United States under the supervision of federal regulators.
The company submitted its application to the OCC in October last year and is planning custody services for digital asset treasury operations and exchange-traded funds (ETFs). Crypto.com co-founder and CEO Kris Marszalek (크리스 마잘렉) said, "This approval enables us to provide a trusted and secure service."
Over the past 2 months, the OCC has also granted conditional approvals to Circle, Ripple, BitGo, Fidelity Digital Assets and Paxos.
Chi-gyu Hwang
delight@d-today.co.kr