COINTELEGRAPH · 2026-10-05 19:53 UTC

Modern Treasury seeks US trust bank charter for digital asset custody

Modern Treasury applied to the OCC to establish a federally regulated national trust bank for digital asset custody and fiat services. The proposed bank would allow customers to custody and move stablecoins and fiat through an integrated service, but would not issue stablecoins or make loans. Several crypto and payments companies have applied for or received national trust bank charter approvals, including Bastion, Ripple, Circle, BitGo, Payward, Zerohash, and Block.

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