Overview
- The chartered entity will be Foris Dax National Trust Bank, doing business as Crypto.com National Trust Bank, operating as a limited‑purpose trust that does not take deposits or make loans.
- Planned services include institutional digital‑asset custody, multi‑chain staking—including support for Cronos—and trade settlement under a single federal framework.
- The approval is provisional, requiring capital, governance, risk management, anti‑money‑laundering, and operational controls to be verified before full authorization.
- Crypto.com will continue running its New Hampshire‑regulated Crypto.com Custody Trust Company, with the national charter intended to streamline multistate compliance favored by asset managers and ETF issuers.
- The decision adds to a recent wave of OCC conditional charters for digital‑asset firms such as Circle, Ripple, BitGo, Fidelity, Paxos, and Stripe’s Bridge, even as the American Bankers Association urges slower reviews and greater transparency.