US EditionRipple gets OCC approval to become national trust bank, joining BitGo and others
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7 Articles
The relationship between traditional finance and the cryptocurrency sector continues in the United States, with the recent issuance of 5 national bank licenses. Among the beneficiaries: Circle (USDC), Ripple (XRP), but also BitGo, Fidelity and Paxos. We're looking at the state of play....
Ripple gets OCC approval to become national trust bank, joining BitGo and others
Regulator clears five crypto-linked firms to join the U.S. federal banking system, including Ripple, BitGo, Paxos, and Fidelity Key Takeaways The OCC granted conditional approvals for five national trust bank charters, including Ripple and BitGo. Approved firms may offer federally regulated crypto custody and trust services pending final requirements. The Office of the Comptroller of the Currency (OCC) has conditionally approved five applicati…
BitGo Receives OCC Approval to Operate as a National Digital Asset Trust Bank
OCC approval transforms BitGo Trust into a federally regulated national digital asset bank. Single federal oversight improves governance clarity for institutions using BitGo infrastructure. A national charter enables nationwide digital asset services without fragmented state licensing. BitGo Holdings, Inc., announced that the Office of the Comptroller of the Currency approved its long-awaited conversion request. The regulator authorized BitGo Tr…
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