Crypto.com has received conditional approval from the Office of the Comptroller of the Currency for a national trust bank charter, allowing the digital assets firm to operate as a federally regulated custodian. The charter will enable Crypto.com to manage client assets and handle trade settlements, although it will not permit cash deposits or loan issuances. Analysts suggest that obtaining a national trust bank charter is crucial for crypto companies aiming to attract institutional clients and integrate into the traditional financial system more effectively.
