Zerohash seeks national trust bank charter from OCC

Crypto infrastructure firm Zerohash has submitted an application to the U.S. Office of the Comptroller of the Currency (OCC) for a national trust bank charter, following other digital asset companies. The proposed bank aims to offer services including custody over digital assets and fiat currency, custodial staking, transfer agent services, trade execution, stablecoin management, and settlement services. Stephen Gardner, Zerohash's chief legal officer, is slated to be the CEO of the trust bank. While securing the charter would not permit traditional banking activities like taking deposits or making loans, federal supervision could attract more institutional clients. This move comes after firms like Ripple, Circle, and BitGo received conditional approval for similar charters in December.

(Source：The Block)