Crypto.com said on Monday it has received conditional approval from the Office of the Comptroller of the Currency to charter Foris Dax National Trust Bank, marking a step deeper into the U.S. federally supervised banking system.
The proposed entity, to operate as Crypto.com National Trust Bank if fully approved, would function as a federally regulated national trust bank under OCC oversight, enabling custody, staking across multiple blockchains including Cronos, and trade settlement services within a national banking framework.
“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 Crypto.com Chief Executive Officer, Kris Marszalek.
Marszalek added that the charter would help the company meet institutional demand for a “one-stop-shop qualified custodian under a gold standard of federal oversight,” underscoring its strategy to attract larger, compliance-focused clients.
Crypto.com submitted its application in October 2025, and the conditional approval does not affect Crypto.com Custody Trust Company, which continues to operate as a qualified custodian regulated by the New Hampshire Banking Department.
The exchange joins a small cohort of crypto-native firms that have secured OCC trust charters, including Anchorage Digital Bank, Protego Trust Bank, Paxos, Bitgo, Ripple and Circle.
While conditional approval does not guarantee full operational status and further regulatory hurdles may follow, the OCC’s decision signals that federal oversight is increasingly becoming an active pathway for digital asset firms seeking deeper integration into the U.S. banking system.