CoinDesk·3 min read·hard
Circle secures U.S. trust bank approval in crypto expansion
O
Olivier Acuna
✦AI Summary
Circle has received approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank. This move allows the company to provide regulated digital asset custody services and marks a significant step in integrating blockchain infrastructure into the U.S. financial system.
National trust banks are authorized to provide users with custody and fiduciary services but do not accept consumer deposits or make loans like traditional commercial banks.
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