Crypto.com announced Monday that it has received conditional approval from the Office of the Comptroller of the Currency to establish a national trust bank in the United States. 

The move represents a major step toward federal oversight for the digital-asset exchange, allowing it to offer institutional-grade custody, staking, and trade settlement services under direct OCC supervision.

The new entity, Foris Dax National Trust Bank — which will operate as Crypto.com National Trust Bank once fully authorized — will function as a limited-purpose national trust bank. 

It will not accept deposits or issue loans, but will focus exclusively on digital-asset services. Conditional approval permits Crypto.com to proceed with its plans,…