Crypto.com has received conditional approval from federal regulators to establish a national trust bank focused on digital asset custody and services.
The Office of the Comptroller of the Currency (OCC) is allowing the crypto exchange to charter Foris Dax National Trust Bank, doing business as Crypto.com National Trust Bank.
The approval marks a major step toward offering custody, staking of digital assets across blockchains including Cronos, and trade settlement as a federally regulated institution.
Once fully approved, the bank will operate as a limited-purpose national trust bank under direct OCC oversight. It will not accept deposits or make loans.
Says Crypto.com CEO Kris Marszalek,
“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.
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.”
Crypto.com filed its application with the OCC in October 2025.
The conditional approval does not affect ongoing operations of its existing Crypto.com Custody Trust Company, a qualified custodian regulated by the New Hampshire Banking Department as a non-depository trust company.
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