Singapore-based Crypto.com announced Monday that it has received conditional approval from the Office of the Comptroller of the Currency (OCC) to charter Foris Dax National Trust Bank, d.b.a. Crypto.com National Trust Bank.

The firm said in a statement that with this conditional approval, Crypto.com clears a major milestone in the process to provide its industry-leading custodial services – including custody, staking of assets across various blockchains and digital asset protocols, including Cronos, and trade settlement – as a federally regulated institution and further establishing Crypto.com as the qualified custodian of choice.

Once fully approved, Crypto.com National Trust Bank will operate as a federally regulated national trust bank subject to OCC oversight.

“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,” said Kris Marszalek, Co-Founder and Chief Executive Officer of Crypto.com.

It is noted that Crypto.com submitted its application to the OCC in October 2025.

The firm said it continues to be its industry leader in regulatory, compliance, and security licenses and certifications.

This conditional approval has no impact on Crypto.com Custody Trust Company’s continued operations and client services as a Qualified Custodian regulated by the New Hampshire Banking Department as a non-depository trust company, said the statement.

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