Article Summary

**Crypto.com Seeks U.S. Banking Charter to Revolutionize Digital Asset Custody Services** Crypto.com has filed for a national trust bank charter with the U.S. Office of the Comptroller of the Currency (OCC), marking a pivotal expansion into regulated cryptocurrency custody services. This strategic move positions the leading crypto exchange to enhance its digital asset custody offerings, particularly targeting Bitcoin ETFs and institutional treasury products. The OCC filing represents Crypto.com's commitment to regulatory compliance within the evolving cryptocurrency landscape. By securing banking privileges, the platform aims to bridge traditional finance with blockchain technology, offering enhanced security for institutional investors seeking exposure to Bitcoin, Ethereum, and other digital assets. This development could significantly impact the DeFi sector and cryptocurrency market adoption, as traditional banking oversight may increase institutional confidence in digital asset custody solutions. The charter would enable Crypto.com to compete directly with established financial institutions offering cryptocurrency services. As regulatory clarity improves, this filing demonstrates the maturation of crypto infrastructure, potentially accelerating mainstream adoption of blockchain-based financial services and strengthening investor protection in the digital asset ecosystem.