Crypto.com has achieved a significant milestone, securing conditional approval from the Office of the Comptroller of the Currency (OCC) to establish its national trust bank, Foris Dax National Trust Bank, to be known as Crypto.com National Trust Bank. This development positions the company as a federally regulated institution and a qualified custodian.
Upon final approval, the bank will operate under federal regulation and OCC oversight, offering custody, staking, and trade settlement for digital assets. CEO Kris Marszalek stated this approval underscores their commitment to compliance and meets institutional demand for a qualified custodian under strong federal oversight.
The application was initially filed with the OCC in October 2025. This conditional permission does not affect Crypto.com's current operations or client services. The company, founded in 2016, emphasizes its dedication to regulatory compliance, security, and privacy, aiming to make cryptocurrency accessible globally.