UBS Secures National Bank Charter for UBS Bank USA

UBS has received final approval from the Office of the Comptroller of the Currency (OCC) to convert UBS Bank USA into a nationally chartered bank.

The move strengthens UBS’s US banking platform, enhances client and advisor services, and supports long-term growth ambitions. Rob Karofsky, co-president of global wealth management and president of UBS Americas, called it a “milestone” that enables continued investment in a modern, full-service banking experience.

Brian Carlin, Head of Banking US, said the national charter allows UBS to broaden its client base and expand product offerings-eventually covering both personal and business banking-while maintaining existing core capabilities.

UBS is also exploring a cautious entry into digital assets, evaluating tokenized deposits and a “fast-follower” approach to asset tokenization over the next three to five years. Initial crypto-related services would target select wealthy clients, likely launching first in Switzerland.