Crypto
Home›Crypto›Regulation›Circle gets final OCC approval for a national trust ba…
Circle gets final OCC approval for a national trust bank charter
The OCC approval supports Circle’s plan to create First National Digital Currency Bank, which is set to provide fiduciary custody services for Circle and affiliates at launch.
Circle said it has received final approval from the US Office of the Comptroller of the Currency for a national trust bank charter for First National Digital Currency Bank, which will operate under the name Circle National Trust.
According to Circle, the bank is expected to initially provide fiduciary digital asset custody services for Circle and its affiliates, with a possible later expansion to a limited group of institutional customers if demand develops.
The company said the charter, which came after its June 2025 application, could also enable a future phase that brings management of the USDC Reserve under federal oversight, if implemented.
Cointelegraph reported that Circle framed the approval as a step toward integrating blockchain and digital assets into the core of the US financial system, and noted its prior regulatory milestone of obtaining a BitLicense in 2015 and complying with the EU’s MiCA framework in 2024.