Crypto.com has received conditional approval for a national trust bank charter from the Office of the Comptroller of the Currency (OCC).
The crypto exchange, which applied in October, said in a press release that its planned bank would operate as a custodian for digital asset treasuries and exchange-traded funds, among other things.
“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,” Kris Marszalek, Crypto.com’s co-founder and CEO, said in the release.