Crypto.com has received conditional approval for a national trust bank charter from the Office of the Comptroller of the Currency, the company said Monday.

Foris Dax National Trust Bank, doing business as Crypto.com National Trust Bank, received the conditional charter roughly four months after submitting its application in October.

The national trust bank charter will permit the fintech to custody assets but not to take deposits or lend. Crypto.com has said it plans to offer custody and staking of digital assets and to handle trade settlement.

“This conditional approval is the latest testament to both our commitment to compliance and to providing customers trusted and secure…