The move comes as US regulators under the current Trump administration have adopted a more receptive posture toward crypto firms seeking to operate under federal banking charters.
EDX Seeks OCC Trust Charter To Court Big BanksBy operating under a national trust charter, crypto firms can operate across state lines under a single federal regulator, rather than obtaining multiple state money‑transmitter licenses, simplifying custody, settlement, and fiduciary services for digital assets.
The company said moving custody, asset management, and trade settlement into an OCC‑chartered national trust bank would provide customers with the “most secure regulatory structure possible,” and would align digital‑asset market infrastructure more closely with the separation of duties customary in traditional equities and derivatives markets.
Growing Bank Unease Over Crypto Trust ChartersSome incumbent banks and industry groups have pushed back, concerned that expanding trust‑bank charters to crypto companies stretches the historical purpose of the charter and could introduce new risks.
She also argued that the new framework can permit stablecoin operators to access the federal banking system without meeting the same capital and regulatory standards required of full‑service, deposit‑taking banks.
Featured image from OpenArt, chart from TradingView.com
