Centralized cryptocurrency platform Crypto.com has received a conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish Foris Dax National Trust Bank, d.b.a. Crypto.com National Trust Bank.
This development advances the firm's ambition to become a federally regulated qualified custodian, according to an official announcement. Once fully approved, Foris Dax National Trust Bank will provide custody, staking, and trade settlement services under the stringent oversight of the OCC.
Crypto.com's move aligns with a broader industry trend where crypto firms are pursuing regulatory approvals to enhance their credibility and expand service offerings.
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