WASHINGTON, Feb. 23, 2026 — The U.S. Office of the Comptroller of the Currency has conditionally approved an application by Crypto.com to charter Foris Dax National Trust Bank, doing business as Crypto.com National Trust Bank, the company said.
Scope of the proposed national trust bank
The proposed national trust bank would provide digital asset custody services within a federally regulated structure. According to Crypto.com, the entity would support digital asset custody, staking across various blockchains and digital asset protocols, including Cronos, and trade settlement.
If fully approved, Crypto.com National Trust Bank would operate as a national trust bank subject to OCC supervision.
Operational limitations under the charter
Reuters reported the charter would allow Crypto.com to manage and hold client assets and handle trade settlement within a federally regulated framework. The structure would not permit the institution to accept cash deposits or issue loans.
Existing custody operations unaffected
The company added that the conditional approval does not affect the existing operations of Crypto.com Custody Trust Company, which remains a qualified custodian regulated by the New Hampshire Banking Department.
Application timeline
Crypto.com said it submitted its application to the OCC in October 2025.
