CBW Bank seeking OCC charter to expand digital assets operations

CBW Bank in Wichita, Kan., is seeking to switch to a national bank charter.

The $66 million-asset bank applied to the Office of the Comptroller of the Currency to convert from a state banking charter.

CBW is listed on the OCC’s digital asset licensing applications webpage under the pending applications section.

The bank adds to the growing list of financial institutions requesting OCC regulatory approval to operate in the digital assets space under the framework outlined by the GENIUS Act.

Bastion Platforms applied earlier this year to convert its New York State trust bank charter to a national trust charter.