The U.S. Office of the Comptroller of the Currency (OCC) on Friday (Dec. 12) conditionally approved applications for new national bank trust charters to five applicants from the digital asset and blockchain finance space.
“New entrants into the federal banking sector are good for consumers, the banking industry and the economy,” said Comptroller of the Currency Jonathan V. Gould in a statement.
The approvals include de novo charters for Circle’s First National Digital Currency Bank and Ripple National Trust Bank, as well as conversions from state trust company charters for BitGo Bank & Trust, National Association, Fidelity Digital Assets, National Association, and Paxos Trust Company,…
Dec 13 2025
