Tag: Trust

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Modern Treasury seeks US trust bank charter for digital asset custody

The payments infrastructure company is seeking federal approval to offer stablecoin custody and related fiat services through a limited-purpose national trust bank.

Bastion conditionally OK for US trust bank

 Stablecoin infrastructure provider Bastion said the Office of the Comptroller of the Currency (OCC) had granted it preliminary conditional approval for a US trust...

Jack Dorsey’s Block seeks US trust bank charter for Bitcoin, stablecoin

The proposed Builders Bank would offer federally supervised digital asset custody but would not accept deposits or issue loans.

Zerohash back for second effort at OCC trust bank charter

The crypto infrastructure firm failed to get approval when it first sought a U.S. charter, and the company is quickly back with what it...

OCC approves Trump Family Crypto Company for Trust Charter

Amid scrutiny and accusations of conflicts of interest from many lawmakers, the US Office of the Comptroller of the Currency (OCC) gave conditional approval...

Morgan Stanley’s infrastructure partner Zerohash rebuffed in pitch to be U.S. trust bank

Unlike denials (as received by Wise and Bunq) a return doesn't come with a detailed explanation. The company didn't publicly disclose the development when...

Circle Wins Final OCC Approval for National Trust Bank

The stablecoin issuer received a charter for First National Digital Currency Bank, allowing it to custody digital assets and, eventually, hold USDC reserves under...

Circle (CRCL) Wins Final OCC Approval For National Trust Bank

Circle Internet Group secured final approval from the U.S. Office of the Comptroller of the Currency today, to establish a national trust...

Circle takes banking step with U.S. trust bank approval

Circle (CRCL), the issuer of the world's second largest stablecoin USDC, received approval from the U.S. Office of the Comptroller of the Currency (OCC)...

Strategy CEO Phong Le Buys 11,000 STRC Shares Through Revocable Trust

Phong Le acquired the Series A Perpetual Stretch Preferred Stock at a weighted average price of $90.796 per share on June 22, an SEC...

OCC Head Says he only Feels ‘Political Pressure’ from Democrats over Crypto Trust Charter

Jonathan Gould, the Comptroller of the Currency (OCC) nominated by Donald Trump, implied that the US president had not ordered him to approve or give...

Senator Warren Questions OCC Head on Approval of ‘Ineligible’ Crypto Trust Charters

Massachusetts Senator Elizabeth Warren accused Office of the Comptroller of the Currency’s (OCC’s) Jonathan Gould of violating banking laws by approving national trust charters...