Crypto.com has achieved a significant regulatory milestone by obtaining conditional approval from the Office of the Comptroller of the Currency (OCC) for the establishment of Foris Dax National Trust Bank, also known as Crypto.com National Trust Bank. This announcement was made on February 23, 2026, marking a pivotal moment for the company as it seeks to expand its financial services in the digital asset space.
The federal charter will allow Crypto.com to offer a range of services including digital asset custody, staking across various blockchains, and trade settlement. This development comes after the company submitted its charter application to the OCC in October 2025, following its efforts to build a robust global compliance record.
Regulatory Approval and Compliance Commitment
The conditional approval from the OCC signifies a clear path for Crypto.com towards obtaining full federal regulation. Once fully approved, the national trust bank will operate under the direct oversight of the OCC, establishing a higher standard of regulatory accountability for institutional clients. This approval is a direct result of Crypto.com”s long-term commitment to compliance and regulatory adherence.
In an official statement, Kris Marszalek, Co-Founder and CEO of Crypto.com, expressed pride in this achievement, stating that it underscores their dedication to providing secure and trustworthy services to customers. He emphasized that this milestone is a step closer to positioning Crypto.com as a leading qualified custodian in the United States.
Impact on Custody Services and Institutional Demand
The new national trust bank will consolidate a wide array of custodial services under one federally regulated entity. This includes comprehensive digital asset custody and staking solutions, which are increasingly in demand among institutions seeking to meet their compliance requirements. Crypto.com aims to cater to a diverse range of institutional clients through this expanded offering.
As institutional interest in regulated digital asset custodians grows, the OCC-chartered trust bank provides a level of oversight and credibility that state-regulated entities cannot match. This distinction is particularly important for large financial institutions with stringent internal compliance policies. The OCC charter thus enables Crypto.com to tap into a broader and more sophisticated client base.
While the conditional approval marks a significant advancement, it does not impact the ongoing operations of Crypto.com Custody Trust Company, which remains regulated by the New Hampshire Banking Department as a non-depository trust company. Clients can expect uninterrupted custody services during this transition period, as both entities are set to operate independently following the full approval of the national trust bank.
With this latest development, Crypto.com continues to lead the industry in securing regulatory certifications and compliance licenses across various global markets. The OCC”s conditional approval adds a vital federal credential to the company”s existing regulatory framework, underscoring its strategy focused on building institutional trust and compliance in the evolving digital asset landscape.
