OCC grants Crypto.com conditional approval for bank trust charter

CoinTelegraph

by Turner Wright

February 23, 2026

AI-Generated Deep Dive Summary

Crypto.com has received conditional approval for a national bank trust charter from the U.S. Office of the Comptroller of the Currency (OCC), marking a significant milestone in its journey to become a federally regulated institution. The cryptocurrency exchange announced the news on Monday, stating that this approval allows it to operate as a custodian across the United States under OCC oversight once fully approved. Crypto.com had submitted its application back in October, aiming to provide secure custody services for digital asset treasuries, exchange-traded funds (ETFs), and other financial instruments. This development comes amid growing regulatory activity in the cryptocurrency sector. While major players like Coinbase await decisions on their own applications, the OCC has already shown a willingness to engage with crypto companies by granting several conditional approvals. Crypto.com’s achievement highlights its commitment to compliance and its goal of offering trusted and secure services to customers, as emphasized by co-founder and CEO Kris Marszalek. The significance of this approval lies in its potential to bolster trust in cryptocurrency custodial services. By operating under federal regulation, Crypto.com aims to establish itself as a reliable player in the digital asset ecosystem. This move not only underscores the company’s dedication to regulatory compliance but also positions it as a leader in providing secure solutions for institutional and retail users alike. For readers interested in crypto, this news matters because it signals a broader shift toward greater regulatory clarity and acceptance of cryptocurrency within traditional financial systems. As more companies like Crypto.com navigate the regulatory landscape successfully, it could pave the way for increased adoption and mainstream integration of blockchain technologies. This approval also underscores the OCC’s role in fostering innovation while ensuring stability and security in the financial system. In summary, Crypto.com’s conditional approval represents a key step forward for the cryptocurrency industry, demonstrating how crypto companies can thrive under federal oversight. It not only benefits Crypto.com but also sets a precedent for others seeking to enter or expand their presence in regulated markets. This milestone is a testament to the evolving relationship between traditional finance and blockchain technology, offering insights into the future of digital asset regulation and adoption.

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Originally published on CoinTelegraph on 2/23/2026