EDX Markets – a crypto exchange backed by Citadel Securities – has applied with the Office of the Comptroller of Currency (OCC) for a national trust bank charter.

• New Trust Bank: EDX Markets has submitted an application with the OCC to become a national trust bank, according to a regulatory filing made public today. Approval would allow EDX to offer nationwide custody, asset management, and principal trading services (without needing to secure individual state-level licenses) alongside its existing order-matching business.

• Growing Trend: Anchorage Digital – a national trust bank charterholder since 2021 – had been the only federally licensed crypto bank until December, when the OCC granted five new charters to…