Crypto.com has applied for a National Trust Bank Charter from the U.S. Office of the Comptroller of the Currency. The filing, announced on Friday, is part of the company’s effort to expand regulated crypto custody services.
The application reflects its plan to strengthen operations in the U.S. and serve corporate and institutional clients under federal oversight. According to the company, the charter will allow it to strengthen its custody and staking services across multiple blockchain networks, including its native Cronos chain.
Once approved, the license will let Crypto.com provide federally regulated custody for digital asset treasuries, exchange-traded funds, and other professional investors who want safe management under U.S. oversight.
“Building the Crypto.com product and service portfolio through regulated and secure offerings has been our focus since day one,” said Kris Marszalek, Co-Founder and CEO of Crypto.com.
“We are excited to take this next step by filing for a National Trust Bank Charter and look forward to continuing to pursue opportunities to provide customers with the trusted services they require.”
The company added that the filing will not affect the operations of Crypto.com Custody Trust Company, which already runs as a qualified custodian under the New Hampshire Banking Department. That means all existing client services will continue as usual while the new application moves through the federal process.
Crypto.com’s move comes as other crypto firms like Ripple, Circle, and Coinbase also seek federal banking licenses. These companies are working with regulators as the United States prepares a new bill to create clear rules for digital assets. Moreover, lawmakers also want stronger oversight as crypto becomes part of everyday finance.
With this move, Crypto.com joins others getting ready to follow future federal rules for digital asset services. The decision now lies with the OCC, which will determine when the company can begin operating as a federally chartered trust bank.
