The National Trust Bank Charter: What Does It Mean?
Crypto.com has applied for a National Trust Bank Charter with the U.S. Office of the Comptroller of the Currency (OCC). The goal? To offer federally regulated custody services for digital assets. This move places Crypto.com alongside traditional financial entities, aiming to boost its institutional services and credibility.
How does this charter enhance institutional trust?
By securing the charter, Crypto.com is striving for regulatory clarity within the cryptocurrency landscape. This unified federal operating model could lend crypto assets an air of legitimacy, potentially appealing to skeptical traditional investors. It does beg the question, though: Is this confidence really warranted?
