Crypto.com Joins Ripple with Conditional OCC Approval for Trust Bank Charter

Crypto.com has received conditional approval from the Office of the Comptroller of the Currency to charter a national trust bank, Foris Dax National Trust Bank, d.b.a. Crypto.com National Trust Bank. The company applied in October 2025 and the OCC granted conditional approval in February 2026.

Conditional approval is a preliminary step; the applicant must satisfy the OCC’s regulatory and operational requirements before obtaining full approval. Crypto.com said the approval does not affect the ongoing operations of Crypto.com Custody Trust Company, which will continue to operate as a qualified custodian regulated by the New Hampshire Banking Department as a non-depository trust company.

“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.

United States, New Hampshire

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