Cryptocurrency exchange Crypto.com is the latest industry firm to receive conditional approval from the Office of the Comptroller of the Currency (OCC) for a national trust banking charter, it announced Monday.

Foris Dax National Trust Bank—aka Crypto.com National Trust Bank—is now federally regulated to offer services such as digital asset custody, staking custodied assets, and trade settlement. If fully approved, the firm can act as a federally regulated national trust bank under regulation from the OCC.

“This conditional approval is the latest testament to both our commitment to compliance and to providing customers trusted and secure services they expect from Crypto.com,” said co-founder and CEO Kris Marszalek, in…