Foris Dax National Trust Bank—aka Crypto.com National Trust Bank—is now federally regulated to offer services such as digital asset custody, staking custodied assets, and trade settlement. If fully approved, the firm can act as a federally regulated national trust bank under regulation from 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 co-founder and CEO Kris Marszalek, in a statement. “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.”
Tensions between the banking industry and crypto sector have also spilled over into debates around the Clarity Act—a crypto market structure bill—particularly regarding stablecoin yields.
The stablecoin market has grown to nearly $309 billion in circulating supply, underscoring the sector's increasing relevance to mainstream financial infrastructure.
