Crypto.com received conditional approval from the Office of the Comptroller of the Currency to establish the Foris Dax National Trust Bank, which would operate under the name Crypto.com National Trust Bank. The company had filed its application with the regulator in October 2025.
The conditional approval enables the firm to move forward in obtaining a federal national bank charter, which would allow it to offer digital asset custody services, staking across multiple blockchains and protocols — including Cronos — and transaction settlement under federal supervision. Kris Marszalek, co-founder and CEO of the company, stated it “brings us one important step closer to meeting the needs of leading institutions seeking a comprehensive qualified custodian under the highest standard of federal oversight.”
Crypto.com joins a list of companies that obtained similar approvals in recent months, among them Bridge, Ripple, Circle, BitGo, Fidelity Digital Assets, and Paxos. The national trust bank charter places firms under federal supervision rather than the fragmented framework of state regulators. The OCC has adopted a more receptive stance toward crypto assets under the current presidential administration, enabling U.S. banks to operate with them and eliminating several restrictions.
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