Amid scrutiny and accusations of conflicts of interest from many lawmakers, the US Office of the Comptroller of the Currency (OCC) gave conditional approval for World Liberty Financial’s application for a national trust bank. …
Charter
Digital asset infrastructure firm Zero Hash has applied for a national trust bank charter with the Office of the Comptroller of the Currency, seeking approval to expand its role in digital asset custody and …
Morgan Stanley has applied for a de novo national trust bank charter, allowing the bank to hold digital assets on behalf of its clients — a move in rhythm with its recent crypto expansion. …
- NFT & Metaverse
Crypto Bank Erebor Approved for Conditional Federal Bank Charter by OCC
by adminby adminThe U.S. Office of the Comptroller of the Currency has granted conditional national bank status to Erebor Bank, a new tech-oriented bank seeking to rise into the gap left by the collapse of several …
- Altcoin Highlights
Stripe’s Bridge Applies for National Bank Trust Charter to Expand Stablecoin Business
by adminby adminBridge, the stablecoin infrastructure company acquired by payments giant Stripe, applied for a national bank trust charter with the U.S. Office of the Comptroller of the Currency (OCC), co-founder Zach Abrams said on Wednesday. …
Paxos’ $300tn stablecoin blunder sparks confusion amid firm’s trust charter bid – DL News
Paxos accidentally minted $300 trillion of PayPal’s stablecoin. It’s not clear how the firm made such a colossal mistake. The firm applied for a banking charter in August. Paxos’ erroneous creation of trillions worth …