Crypto.com gains conditional approval for trust bank charter

Crypto.com has received conditional approval from the Office of the Comptroller of the Currency to form a federally regulated national trust bank in the United States. The approval allows the company to establish Foris Dax National Trust Bank and, once fully authorized, operate as Crypto.com National Trust Bank.

The bank will provide regulated custody, staking and settlement services but will not accept deposits or issue loans. Crypto.com applied for the charter in October 2025 and has worked closely with regulators to meet the operational, governance and capital requirements for a national trust bank.

Before it can begin full operations the company must satisfy several pre-opening conditions, including finalizing risk management systems, enhancing internal controls and confirming that compliance frameworks are fully in place. The planned services include custody of cryptocurrencies, multi-chain staking and settlement infrastructure, with support for Crypto.com’s Cronos network alongside other major digital asset protocols.

United States

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