TLDR:Crypto.com received OCC conditional approval to charter Foris Dax National Trust Bank on February 23, 2026.The federal charter will cover digital asset custody, staking across blockchains, and trade settlement services.Crypto.com submitted its OCC charter application in October 2025 after building a global compliance record.The approval does not affect Crypto.com Custody Trust Company’s ongoing operations under New Hampshire regulation.Crypto.com has received conditional approval from the Office of the Comptroller of the Currency (OCC) to charter Foris Dax National Trust Bank, doing business as Crypto.com National Trust Bank. The announcement came on February 23, 2026. This approval marks a key regulatory milestone for the company. It paves the way for Crypto.com to become a federally regulated qualified custodian. Services under the new charter will include custody, staking, and trade settlement across multiple blockchain protocols.OCC Conditional Approval Marks a Regulatory Turning PointThe OCC’s conditional approval gives Crypto.com a defined path toward full federal regulation. Once fully approved, the national trust bank will operate under direct OCC oversight. This federal framework provides a higher standard of regulatory accountability for institutional clients. The approval is a direct outcome of the company’s long-standing commitment to compliance.Crypto.com submitted its charter application to the OCC in October 2025. The conditional approval follows months of regulatory review by the agency. The company has built a consistent record of obtaining licenses and certifications across multiple jurisdictions. This national trust bank charter now adds a federal layer to that regulatory foundation.Crypto.com’s Co-Founder and CEO, Kris Marszalek, addressed the development in an official statement. He said: “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.” His remarks pointed to the company’s broader ambition to become a leading qualified custodian in the United States.We are proud to announce that https://t.co/vCNztATkNg has received conditional approval from @USOCC for its national trust bank charter. Read more here: https://t.co/gcGdaUG0Li pic.twitter.com/eMq434fapX— Crypto.com (@cryptocom) February 23, 2026The conditional approval does not affect Crypto.com Custody Trust Company’s current operations. That entity remains regulated by the New Hampshire Banking Department as a non-depository trust company. Clients will continue receiving custody services without disruption during this period. Both entities are expected to operate independently after the national trust bank receives full approval.Federal Charter to Strengthen One-Stop-Shop Custodial OfferingThe new national trust bank will bring a broad range of custodial services under one federally regulated roof. These services include digital asset custody, staking across multiple blockchains, and trade settlement. The Cronos blockchain is among the protocols covered under the proposed service offering. This breadth of service positions the company to serve a wide range of institutional clients.Marszalek further noted the charter’s role in addressing institutional needs. He stated: “This milestone brings us a major step closer to meeting leading institutions’ needs for a one-stop-shop qualified custodian under a gold standard of federal oversight.”Institutions have increasingly sought federally regulated custodians to meet their own compliance requirements. Crypto.com’s approval responds directly to that demand.Institutional interest in regulated digital asset custodians has grown considerably in recent years. A federally chartered trust bank carries a level of oversight that state-regulated entities cannot match. This distinction holds particular weight for large financial institutions with strict internal compliance standards. The OCC charter therefore opens access to a broader and more sophisticated institutional client base.The company continues to lead the industry in regulatory certifications and compliance licenses across global markets. The OCC conditional approval adds a federal credential to that existing portfolio. Crypto.com now awaits full approval before commencing operations under the new charter. The company’s consistent regulatory progress reflects a long-term strategy built around institutional trust and compliance.The post Crypto.com Gains OCC Conditional Approval to Launch Federally Regulated National Trust Bank appeared first on Blockonomi.